Shophouse market sees lower transactions and rents in 3Q2023: PropNex
Muted activity was seen in Singapore’s commercial shophouse market in 3Q2023, with transactions and rents easing when compared to the previous quarter. The total number of shophouse deals registered in the quarter was 38, a 19% q-o-q drop from 47 the quarter before. The transaction value for 3Q2023 decreased 19% q-o-q to total $350.8 million. […]