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Singapore’s property market boasts some varied clusters of charming and iconic dwellings scattered round the island state. Known as shophouses, these two- or three-storey colonial-era buildings were largely neglected previously while they became old and run down, but in recent times they've increasingly been gaining new-found appeal with buyers.
In accordance with Colliers International, total shophouse transactions in the first half of 2018 came to approximately $576.2 million, surpassing full-year shophouse investment sales from 2014 to 2017. Noting how shophouses are scarce in supply and sometimes bring either commercial or hospitality purposes, real estate advisory claims that they will likely continue to attract interest from local and foreign high value individuals in addition to property funds and investment companies.
The reason why because of this trend is based on the improved autonomy and greater control that shophouses offer. This permits operators to have their own street frontage, select their operating hours, have an overabundance of flexibility with regards to layouts and finally create clusters which experts claim drive footfall.
Other important things about opening up in the shophouse will be the capacity to be noticeable aesthetically in comparison with cookie-cutter retail mall shopfronts.
For additional information about Shophouse Vinhomes Smart City take a look at this popular resource
Homepage: https://www.smore.com/vpb4k-shop-chan-de-vinhomes-smart-city
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