With over 6500 conserved shophouses in Singapore that were built as early as the early 1800s, it is needless to say that these buildings are rich in history and form an important part of our culture. Shophouses are not only distinct in their architecture and built, they are also very valuable and a good investment option. Here are 3 reasons why you should consider buying a shophouse.
Forming a bulk of Singapore’s gazette conservation buildings, most of the shophouses in Singapore have been given conservation status. These include shophouses located at Chinatown, Kampong Glam and Little India. This conservation status only mean one thing – with Singapore facing land scarcity and the government often taking back land, your shophouse is likely to be left untouched.
Location, location, location. After all, location is one of the biggest factor in determining the value of a property. And there’s no denying that shophouses fulfill this criterion. Whether is it Telok Ayer, Chinatown, Katong or Holland Village, there are many shophouses that are located in highly central areas. This means that shophouses are likely to remain highly valuable for many years to come. The limited number of shophouses available also means it is not easy to snag one.
Shophouses were built a long time ago so they occupy as sizeable amount of space despite being in built-up areas. Typically two to three storeys tall, shophouses have floor sizes ranging from 1,000 to 1,500 square foot. This also makes the space highly attractive for small-to-medium businesses that are seeking a “boutique feeling”.