While many people relocated from shophouses to HDB public housing nearly 50 years ago, shophouses have maintained their beauty and attraction. In particular, modern shophouses in Singapore are some of the most lucrative investments for property owners, whether they live in them or do business there.
Whether you’re a novice or an experienced property investor, you know the importance of location when you invest in commercial and residential properties. A property’s proximity to various facilities, roads, transportation access, and utility lines all contribute to its location advantage.
If you’re searching for modern shophouses in Singapore, you’ll be pleased to know that many districts, from the bustling Central Business District to the cultural hub of Little India, offer unique characteristics and opportunities.
Here are the top districts in Singapore to find modern shophouses:
Districts 1 and 2
If you’re looking for modern shophouses in Singapore, Districts 1 and 2 are some of the most popular areas to explore. These districts are part of the Core Central Region (CCR) and boast a rich history with many well-known landmarks, such as the Singapore River, Marina Bay, Marina Square, Raffles Place, and the Central Business District (CBD). D1/2 also offer an excellent selection of food places, especially for office workers in the CBD.
Shophouses here are strategically located, making them ideal for maintaining a lively and stimulating cityscape. Many of these shophouses have been converted into trendy bars, boutique shops, and even co-living spaces.
Shophouses in D1/2 have been exceptionally strong in the past, making them an exclusive niche that presents both challenges and opportunities for investors. That’s why having the right expertise is crucial in navigating the volatile market and gaining from this real estate market segment.
District 7
District 7, part of the Rest of the Central Region (RCR), comprises Beach Road, Bencoolen Road, Bugis, and Rochor, each with a unique history, activities, and living environments.
District 7 is another popular area to consider if you’re looking for modern shophouses in Singapore. This district boasts an eclectic mix of old and new buildings, with shophouses alongside high-rise skyscrapers.
One of the key attractions in this area is Arab Street and Haji Lane. Here, you’ll find trendy shops, cafes, and restaurants housed in modern shophouses. Artists and creatives have also transformed many shophouses in the district into unique and inspiring spaces.
Investors are drawn to District 7 due to the potential for capital gains and accessibility. Modern shophouses in this district are highly sought after due to their proximity to many educational institutions and entertainment options. Additionally, they are easily accessible via public transportation, making them a convenient option for tenants and owners.
District 8
District 8, still part of the Rest of Central Region (RCR), encompasses Little India, Farrer Park, and Serangoon Road. While many iconic shophouses are found in the CBD area, District 8 has consistently recorded the highest transaction volumes for modern shophouses in Singapore, with an impressive 77 transactions in 2021 alone.
A rich cultural heritage and historic architecture make this area a popular tourist destination, along with traditional trades such as upholstery, metalworking, and furniture-making. There are also a variety of shophouse styles and sizes in District 8, making it an attractive choice for investors.
D8 is a vibrant area that continues to evolve with Singapore’s ongoing development. The shophouses in this area have been refurbished to preserve their original charm while integrating modern conveniences. No matter what you’re looking for–an entrepreneurial opportunity, an investor’s dream, or a unique living space–District 8 will surely capture your imagination.
District 14
District 14 is one of Singapore’s most sought-after city-fringe regions, and it also belongs to the Rest of Central Region (RCR). The area is a melting pot of cultures and histories, with the vibrant red-light district of Geylang, urban areas of Eunos, Paya Lebar, and Kembangan, various food choices, amenities, shopping malls, and heritage precincts.
Located within walking distance of amenities, modern shophouses in District 14 appeal to young professionals and entrepreneurs. Many shophouses have also been converted into trendy cafes, restaurants, and bars, making the area a popular destination for foodies and nightlife enthusiasts.
Most conservation shophouse transactions in District 14 occur in the Geylang Conservation Area along Geylang Road. The shophouses here have a distinctive aesthetic, with regulations governing maintenance and renovation. Freehold shophouses in District 14 also present an excellent opportunity to weather the ups and downs in the property market without worrying about lease decay.
District 15
Moving on to District 15, which is also part of the Rest of Central Region (RCR), this district includes the charming neighbourhoods of Katong and Joo Chiat. It is known for its vibrant food scene and rich cultural heritage.
Food enthusiasts will appreciate the diverse culinary offerings in D15, with Katong and Joo Chiat being famous foodie havens. These areas also have many quaint shophouses that showcase the Peranakan heritage and contribute to the district’s distinctive character.
Investors are drawn to D15’s shophouse market because of its prime location and strong reputation, attracting locals and tourists. In fact, the high foot traffic in the area creates significant opportunities for F&B operators to thrive and generate sales. Overall, D15 offers a unique blend of culture, food, and business opportunities, making it an attractive destination for modern shophouse investments.
Conclusion
Modern shophouses in Singapore are a striking reminder of the city-state’s rich cultural heritage, combining traditional architecture with contemporary amenities. Their versatile nature and mixed-use commercial and residential spaces make them a highly sought-after property investment. With a blend of old and new, modern shophouses offer unique features highly valued in the real estate market.
Investing in a modern shophouse in Singapore can be a sound financial decision. By selecting the right district, you can maximise your investment and benefit from owning a shophouse. Whether you want to be in a bustling city centre, a vibrant cultural hub, or a food paradise, Singapore has the ideal district to invest in.
Begin Your Shophouse Investment Journey with Shophouse Collective
If you’re planning to invest in modern shophouses in Singapore and want to know how they fit into your property portfolio, working with a reputable real estate agent with experience in this niche market is essential.
Contact Shophouse Collective today to learn more about the top districts for modern shophouses in Singapore and how we can help you make sound property investments.
