Singapore shophouse rental contract values down 4% to $8.6m in Q3

Over 800 contracts were signed during the quarter.

Leasing demand for shophouse space in Singapore was fairly stable during the quarter according to a PropNex report, with 816 rental contracts signed in Q3 - a slight uptick of 2% QOQ from 801 contracts in Q2 2025.

The value of rental contracts signed in Q3 2025 was down by nearly 4% to $8.58 million compared with $8.9 million in Q2 2025.

Here’s more from PropNex:

In the first nine months of 2025, about 2,458 rental contracts worth $26.6 million have been signed – slowing from the corresponding period last year (9M 2024) where 2,695 leasing contracts worth $30.7 million were inked.

Shophouse rentals slipped in Q3 2025, with a monthly median rental of $6.59 psf, according to URA Realis data. On a quarterly basis, rents were down by 1.3% in Q3 2025. On a yearly basis, shophouse rents were down by 0.8%.

Across selected districts, shophouse rentals saw mixed performance in Q3 2025. District 7 (Middle Road, Golden Mile) booked the highest rental increase of 9% QOQ, followed by District 8 (Little India) with an 8.7% QOQ increase. Conversely, rentals in District 14 (Geylang, Eunos) posted the steepest decline of 21.5% QOQ. Rentals in the prime districts of D1 and D2 also posted quarterly declines of 11% and 4.6%, respectively in Q3 2025.