Singapore shophouse sales hit highest quarterly levels in two years

Sales surged by over 50% to $210 million in Q3.

In a recent report, PropNex revealed that sales momentum in Singapore’s commercial shophouse market rebounded in Q3 2025, supported by a recovery in sentiment amongst both buyers and sellers.

Buying interest for shophouses has picked up, with the moderation in interest rates, ongoing strength of the Singapore economy, and positive tourism sector outlook.

Here’s more from PropNex:

Based on caveats lodged, there were 27 shophouse transactions in Q3 2025, up by 50.0% QOQ from the 18 deals in Q2 2025. Year-on-year, the sales volume in Q3 2025 similarly rose by 50.0% from the 18 deals in Q3 2024. As the caveats for some transactions may not have been lodged, the actual sales figure for Q3 may be higher.

The 27 shophouse deals in Q3 2025 – the highest quarterly sales in about two years - amounted to $210 million, marking a 65.3% increase in value compared with the previous quarter. Sales value was up by about 51.3% YOY from $139 million in Q3 2024.

In the first nine months of 2025, 65 shophouse deals worth $456.3 million have been sold, compared with the 62 deals valued at $519 million that were transacted in the same period last year (9M 2024). Based on market observations, the key buyer pool for shophouses continues to comprise family offices, high-net worth individuals and institutional investors.