Fewer caveats lodged for shophouse sales, but agents say market sentiment in S’pore has improved

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Just 16 were lodged from April to June, but nearly 12 transactions were not caveated, PropNex noted.

The top transaction of the quarter was the sale of The Rail Mall in Upper Bukit Timah Road for $78.5 million in June.

But property agents say market sentiment has in fact improved, noting that the actual number of sales is higher, owing to more non-caveated transactions. “I sold six shophouses in the past three months, and all the buyers did not want to lodge a caveat as they wanted to keep a low profile,” added Mr Tan.

Based on caveats lodged, District 8 posted the highest number of sales transactions, with eight deals out of the 16 transactions from April to June in 2024, said PropNex. In May, a three-storey conservation shophouse in Telok Ayer Street with a land size of 1,429 sq ft – the only property linked to the money laundering case that had a caveat lodged – was sold for $16.5 million.Singapore shophouse sales surge and prices climb as wealthy investors return: Knight Frank

 

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