# More shophouses sold in 3Q2026 while leasing activity sees uptick

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-09T04:30:00.000Z
- **Author:** Ashley Lo
- **Original:** https://www.edgeprop.sg/property-news/more-shophouses-sold-3q2026-while-leasing-activity-sees-uptick
- **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals

## Featured rationale

Higher deal volume and stable median rents signal resilient investor and tenant demand, while constrained supply could continue supporting shophouse valuations despite weaker year-to-date sales.

## AI summary

Shophouse transactions rose from 16 in 2Q2026 to 21 in 3Q2026, although total transaction value fell 18.6% q-o-q to $157.7 million.

## Original article

Buyer interest in Singapore’s shophouse market continued to strengthen in 3Q2026, logging an increase in the number of caveated transactions, according to Huttons Asia’s latest quarterly report on the shophouse market.

A total of 21 caveats were lodged for shophouse transactions in the latest quarter, up from the 16 caveated deals in 2Q2026.

“The segment continues to attract wealth, underpinned by favorable interest rates, constrained supply, and foreign ownership regulations elsewhere in the property market,” said Lee Sze Teck, senior director of data analytics at Huttons Asia.

Read also: Aloysius Lim: How strategic restructuring can outperform 10 years of property gains

Transaction volume and quantum of shophouses in 1Q-3Q2026

Meanwhile, the total transacted quantum stood at $157.7 million in 3Q2026, 18.6% lower than the previous quarter’s $193.7 million.

Despite the decline in transaction value, Huttons’ report noted that the drop reflects “a normalised baseline” after the previous quarter was boosted by the $70 million sale of three adjoining shophouses on Lorong Liput.

That said, higher-value deals continued to dominate shophouse transactions in 3Q2026, with more than 70% of the properties sold during the quarter fetching more than $5 million.

For the first nine months of 2026, caveats show that 51 shophouses were sold, down 25% y-o-y from the 68 caveated deals during the same period last year.

The total transaction value also declined, falling to $441.3 million in the first nine months of 2026. That is 31.5% lower than the $644.5 million recorded in the year-ago period.

During the latest quarter, 999-year leasehold and freehold shophouses accounted for 81% of total transaction volume, with deals concentrated in Districts 8 and 15, Huttons said.

Read also: From regional HR leader to real estate strategist: Meet Luvianne Pang, trusted referrals-based realtor

Lee added: “Investors generally preferred 999-year leasehold or freehold shophouses for wealth preservation.”

Among the largest shophouse deals in 3Q2026 was the sale of a unit along South Bridge Road, which topped the list at $16.8 million.

This was followed by a shophouse along Circular Road, which was purchased for $16.2 million by investor Roman Scott, chairman of The Calamander Group.

Top 5 shophouse transactions by quantum in 3Q2026

Leasing momentum picks up

In the shophouse leasing market, the number of rental contracts rose by 4.2% to 800 in the third quarter, from 768 in the second quarter this year.

This came on the back of restaurant openings, including Árō Singapore, Assaggi, Casa Lola and KIN-NOMI, Huttons noted.

Median rents during the latest quarter remained unchanged on a q-o-q basis at $6.47 psf per month.

Median rents and rental volume of shophouses

In District 2, median rents grew the most for the second consecutive quarter, increasing 8.9% q-o-q to around $7.35 psf per month.

Read also: Woodlands semi-detached house on 8,287 sq ft freehold site hits market for $10.8 mil

Looking ahead, Huttons expects Singapore’s shophouse market to remain resilient through the rest of the year, supported by the city-state’s status as a “premier destination” for ultra-high-net-worth individuals to preserve and manage their wealth.

Shophouses are also among the few real estate asset classes with minimal foreign ownership restrictions, which has resulted in tightly held ownership.

“Coupled with limited supply, shophouse valuations remain well-supported over the long term,” said Lee.

## Chinese translation

> Translation model: grok_cli

### 2026年第三季更多店屋售出，租赁活动亦见回升

逾70%售出的店屋成交价超过新币500万元。与此同时，租金中位数持平于每月每平方英尺新币6.47元。

据豪登亚洲（Huttons Asia）最新店屋市场季度报告，买家对新加坡店屋市场的兴趣在2026年第三季持续增强，已登记买卖附注的交易宗数有所增加。

最新一季共有21份店屋交易买卖附注登记，高于2026年第二季的16宗附注交易。

豪登亚洲数据分析高级董事Lee Sze Teck表示：“该板块持续吸引财富，得益于有利的利率环境、供应受限，以及房地产市场其他领域的外资持有规定。”

延伸阅读：Aloysius Lim：策略性重组如何跑赢十年房产增值

2026年第一季至第三季店屋交易量与成交总额

与此同时，2026年第三季成交总额为新币1.577亿元，较上一季的新币1.937亿元低18.6%。

尽管成交额下降，豪登报告指出，这一跌幅反映的是“正常化的基准”，因为上一季受Lorong Liput三间相连店屋以新币7000万元售出所推高。

尽管如此，高价交易在2026年第三季店屋成交中仍占主导，当季售出物业中逾70%成交价超过新币500万元。

2026年前九个月，买卖附注显示共售出51间店屋，较去年同期68宗附注交易按年下跌25%。

成交总额亦下降，2026年前九个月降至新币4.413亿元，较去年同期的新币6.445亿元低31.5%。

豪登表示，最新一季中，999年地契和永久地契店屋占总交易量的81%，交易集中在第8区和第15区。

延伸阅读：从区域人力资源主管到房地产策略师：认识以转介著称的房地产经纪人Luvianne Pang

Lee补充说：“投资者普遍更倾向999年地契或永久地契店屋，以保值财富。”

2026年第三季最大宗店屋交易之一，是沿桥南路一个单位以新币1680万元成交，位居榜首。

其次是沿Circular Road一间店屋，由The Calamander Group主席、投资者Roman Scott以新币1620万元购入。

2026年第三季按成交额计的前五大店屋交易

租赁势头回升

在店屋租赁市场，第三季租约数量上升4.2%至800份，高于今年第二季的768份。

豪登指出，这得益于餐厅开业，包括Árō Singapore、Assaggi、Casa Lola和KIN-NOMI。

最新一季租金中位数按季持平，为每月每平方英尺新币6.47元。

店屋租金中位数与租赁量

第2区租金中位数连续第二个季度增幅最大，按季上升8.9%至约每月每平方英尺新币7.35元。

延伸阅读：兀兰一栋建于8,287平方英尺永久地契地段上的半独立式洋房以新币1080万元挂牌

展望未来，豪登预计新加坡店屋市场在今年余下时间将保持韧性，受惠于新加坡作为超高净值人士保值与管理财富的“首选目的地”地位。

店屋也是少数外资持有限制极少的房地产资产类别之一，因此产权高度集中、业主惜售。

Lee表示：“再加上供应有限，店屋估值在长期仍获得有力支撑。”