Huttons Asia hires up to 40 staff from CBRE Reshaping and Recruitment unitCOMMENTARY: Plenty of life in the shophouse market “The shophouse market continues to attract interest from investors in 3Q2024 despite a dip in the number of caveated transactions,” according to the latest quarterly shophouse market report by Huttons Asia. Although only 18 shophouse transactions were officially recorded, sources claim that a number of other deals were concluded in the same period, particularly for shophouses located in Districts 1 and 2. These deals are estimated to have a combined quantum of more than $70 million, highlighting the appeal of shophouses as a tangible and potentially lucrative investment asset. Huttons’ senior director of data analytics, Lee Sze Teck, believes that the recent interest rate cuts have contributed to the growing demand for shophouses as a means of wealth creation and preservation. With this trend expected to continue, it is anticipated that both transaction volume and values will see an increase in 4Q2024.
Rewritten:
A Singapore Condo can bring many benefits to investors, including the opportunity to leverage the property’s value for additional investments. This means that investors can use their condo as collateral to secure financing for new ventures, ultimately increasing their real estate portfolio. While this can lead to higher returns, it also comes with risks. It’s important to have a solid financial plan in place and carefully consider the potential impact of market fluctuations. Overall, investing in a Singapore Condo can offer investors a valuable opportunity for growth and diversification.