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Shophouses: Heritage Gems

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2019 Singapore Capital Markets Flash Report Heritage Gems Colliers 941x627
By Steven Tan

Conservation shophouses in Singapore have emerged as an attractive real estate alternative investment

Conservation shophouses in Singapore have attracted strong investment demand, with record transaction values of S$1.5 billion (US$1.1 billion) in 2018. 

Apart from the heritage charm, these shophouses have a relatively palatable quantum (S$10 to 20 million per unit), are limited supply and flexibility of usage. These have led to the emergence of conservation shophouses as an attractive real estate alternative investment class for institutional investors. 

As more investors set their sights on shophouses, we examine the possible opportunities and limitations of this investment class. Download this Flash report to unlock the value of these heritage gems.
2019 Singapore Capital Markets Flash Report Heritage Gems Colliers 627x627

Shophouses: Heritage Gems

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Steven Tan | Colliers | Singapore

Steven Tan

Executive Director

Capital Markets & Investment Services

Singapore

+65 6531 8584
+65 9383 3678
Email

Steven has over 25 years in the real estate business and progressed through various roles in this industry from property management to valuation and auction then into investment sales to leading the  non-institutional capital markets – added to his original role as head of the auction team in Colliers Singapore.

Steven is known to preserve a close relationship with his clientele who are High Net-worth individuals - known in the local as Tow Kay (big boss in local dialect), investors from all walks of life and business partners big and small, making him the leading choice to head the non-institutional capital markets.

Steven was lauded for brokering the first freehold industrial sale in the year 2020 for 190 Macpherson Road at $88m. His other notable and worth-mentioning deals include the collective sale of 2-24 Phoenix Road at $42.6M which was sold above its reserved price and another industrial building (food factory) at 200 Pandan Loop at $56.8M.

Steven also qualified as a licensed appraiser with the Inland Revenue Authority of Singapore, a member of Singapore Institute of Surveyors and Valuers (MSISV) and member of Royal Institute of Chartered Surveyor (MRICS).

 

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