Transactions for these assets in public housing estates on the rise, thanks to relatively high yields of 4-6%
INTEREST in Housing and Development Board (HDB) shophouses is on the rise, with buyers drawn to their relatively high yields, high-traffic locations and limited supply in the market for assets in public housing estates.
Although prices have slumped in recent months amid market uncertainty, volumes and rents remain elevated as the profile of businesses taking up HDB shop space has changed, analysts noted.
Data crunched for The Business Times by local database company Amicus showed that 63 HDB shophouse units changed hands for S$122.5 million as at Sep 26 – already surpassing the 44 transactions worth around S$91 million in 2023.
