The latest report from PropNex Research reveals that Singapore’s shophouse market experienced a significant increase in sales value during the second quarter of 2026, despite a subdued transaction volume. The total sales value reached approximately $193.7m, marking a 115.2% quarter-on-quarter increase from nearly $90m in the previous quarter. This surge was attributed to several high-value transactions, including a notable $70m deal for a row of freehold shophouses at Lorong Liput.
Transaction volume, however, remained muted with only 16 deals recorded, a 14.3% increase from Q1 2026 but an 11.1% decrease year-on-year. The market faced challenges due to persistent economic uncertainties and a pricing mismatch between buyers and sellers, leading many investors to adopt a cautious approach.
Leasing activity also saw a decline, with 745 rental contracts signed in Q2 2026, a 7% drop from the previous quarter. The total value of these contracts fell to $7.7m, the lowest since Q1 2021. Despite these challenges, the ongoing recovery in Singapore’s tourism sector is expected to support future leasing demand.
Wong Siew Ying, Head of Research and Content at PropNex, noted that whilst the market remains cautious, the high-value transactions indicate potential for value recovery. Looking ahead, the market may see more competitive rental terms as landlords seek to attract tenants amidst an uncertain economic environment.
