# Uptick in shophouses sold but fewer rented in 2Q2026: Huttons

- **Source:** EdgeProp Singapore
- **Published:** 2026-07-10T05:13:07.000Z
- **Author:** Edgeprop Singapore
- **Original:** https://www.edgeprop.sg/property-news/uptick-shophouses-sold-fewer-rented-2q2026-huttons
- **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals

## Featured rationale

The higher value alongside modest volume growth signals demand concentrated in expensive, long-tenure assets, while weaker leasing activity may keep investors selective.

## AI summary

Singapore recorded 16 shophouse transactions worth $193.7 million in 2Q2026, with deal value more than doubling from $90 million in 1Q2026.

## Original article

Singapore's shophouse market saw a slight q-o-q recovery in the second quarter of 2026, with 16 caveated transactions. That is up from 14 in the first quarter, albeit still down from 20 in the year-ago period.

Total deal value stood at $193.7 million for the latest quarter, which is more than double the $90 million in 1Q2026 but down 16.8% from 2Q2025, according to Huttons Asia's report on the shophouse market.

There were also more higher-value transactions, led by the $70 million sale of a trio of shophouses along Lorong Liput in Holland Village, as well as a $22 million transaction involving a corner conservation shophouse on Keong Saik Road.

Read also: Aspial sells skyscraper site at discount; Huationg buys land for dormitory; and other listco property deals

This comes as Singapore's safe-haven status and low interest-rate environment are spurring deals, Huttons said.

More than 60% of the shophouses sold during the quarter were priced at above $5 million.

Transaction volume of shophouses, by price range:

Source: URA, media reports, Huttons Data Analytics (data downloaded as of July 8).

Shophouses were sold at an average price of $12.1 million in the second quarter, almost double the average transaction quantum of $6.4 million in the prior three months.

District 8 continued to be the favourite among investors for its accessible entry price and city-fringe location. At the same time, buyers were also partial to freehold or 999-year leasehold properties — about 87.5% of deals in the second quarter were on land with such tenures.

In terms of the biggest shophouse deals, the three adjoining units in Holland Village, purchased by TL Developments, topped the list.

Top five shophouse transactions by quantum in 2Q2026:

In the leasing market, the number of rental contracts fell by 10.1% to 720 in the latest quarter, from 801 in the first quarter.

This came amid the Middle East conflict which led to a spike in fuel costs and exacerbated the Singapore F&B sector’s tough operating conditions, Huttons said.

Read also: A pair of shophouses at 57-59 East Coast Road hits market at $16 mil

Rents were resilient, inching up by 1.1% to $6.50 psf per month in the quarter, as compared with $6.43 psf per month in the prior three months.

Median rents of shophouses in 1Q and 2Q2026, by district:

Median rents climbed the most in District 2, with a 11.3% q-o-q increase to about $7.79 psf per month, going by Huttons’ estimates.

Looking ahead, the research team noted that market sentiment remains cautious although Singapore’s safe-haven status will continue to attract capital, and investors are still keen on this rare asset class, especially those with 999-year or freehold tenures, for wealth preservation.

The Monetary Authority of Singapore’s plans to streamline private banking account openings to within one month by end-2026 is also likely to “sharpen the edge” of the wealth management sector, Huttons added.

The firm foresees "a steady stream" of shophouse transactions for the rest of 2026.

## Chinese translation

> Translation model: grok

### Huttons：2026年第二季店屋成交回升，租赁宗数减少

逾60%成交店屋成交价超过500万新元。租金环比微升1.1%，至每月每平方英尺6.50新元。

新加坡店屋市场在2026年第二季环比略有回暖，共录得16宗已备案交易，高于第一季的14宗，但仍低于去年同期的20宗。

据合登亚洲（Huttons Asia）店屋市场报告，最新一季总成交额达1.937亿新元，是2026年第一季9,000万新元的两倍以上，但较2025年第二季下跌16.8%。

高价值交易亦有所增加，领衔的是荷兰村Lorong Liput三栋店屋以7,000万新元成交，以及庆石路（Keong Saik Road）一栋转角保育店屋2,200万新元的交易。

另读：Aspial折价出售摩天楼地块；Huationg购地建宿舍；及其他上市公司物业交易

Huttons表示，新加坡的避险地位与低利率环境正刺激成交。

当季售出的店屋中，逾60%成交价超过500万新元。

按价格区间划分的店屋成交量：

资料来源：市区重建局（URA）、媒体报道、Huttons数据分析（数据截至7月8日下载）。

第二季店屋平均成交价为1,210万新元，几乎是前三个月平均成交金额640万新元的两倍。

第八区因其可负担的入场价格与城市边缘区位，仍是投资者的首选。与此同时，买家亦偏爱永久地契或999年地契物业——第二季约87.5%的交易涉及此类地契土地。

就最大宗店屋交易而言，由TL Developments购入的荷兰村三栋相连单位居榜首。

2026年第二季按成交金额计前五大店屋交易：

租赁市场方面，最新一季租赁合约数量环比下跌10.1%至720份，低于第一季的801份。

Huttons表示，这与中东冲突推高燃油成本、加剧新加坡餐饮业经营困境有关。

另读：东海岸路57-59号一对店屋以1,600万新元挂牌

租金表现具韧性，当季微升1.1%至每月每平方英尺6.50新元，前三个月为6.43新元。

2026年第一季与第二季各区店屋租金中位数：

按Huttons估算，租金中位数升幅最大的是第二区，环比上涨11.3%至约每月每平方英尺7.79新元。

展望未来，研究团队指出，市场情绪仍偏谨慎，但新加坡的避险地位将持续吸引资金，投资者对这一稀缺资产类别——尤其是999年或永久地契物业——仍有兴趣，以作财富保值。

Huttons补充称，新加坡金融管理局计划在2026年底前将私人银行开户流程压缩至一个月内，亦可能“锐化”财富管理行业的竞争优势。

该机构预计2026年余下时间店屋交易将“稳步持续”。