The shophouse market in Singapore experienced a modest recovery in the second quarter of 2026, according to Huttons’ latest report. The quarter saw 16 caveated transactions, up from 14 in the previous quarter, although still below the 20 transactions recorded a year earlier. The total value of deals reached $193.7m, marking a 2.2-fold increase from Q1 2026’s $90m, but a 16.8% decline compared to Q2 2025.
The quarter was highlighted by significant transactions, including the sale of three shophouses in Lorong Liput for $70m and Keong Saik Road for $22m. These high-value deals were driven by Singapore’s status as a safe haven and the prevailing low interest rates.
Huttons’ Senior Director of Data Analytics, Lee Sze Teck, noted that the market’s appeal lies in its limited supply and the preference for properties with 999-year or freehold tenure, which are seen as valuable for wealth preservation. In Q2 2026, 87.5% of shophouses sold were on such tenures.
Looking ahead, Singapore’s safe haven status is expected to continue attracting capital, bolstered by the Monetary Authority of Singapore’s plans to streamline private banking account openings by the end of 2026. Despite geopolitical tensions, particularly between the US and Iran, the outlook for the shophouse market remains positive, with a steady stream of transactions anticipated for the remainder of the year.
