🇸🇬 🇸🇬 Shophouses Are Hot: Prices for shophouses have surged to a record S$5,500 ($4,000) per square foot—double Manhattan’s Upper Fifth Avenue, the world’s most expensive shopping street in 2022. Sales of shophouses jumped 44%, to S$415 million, in the second quarter from the preceding one, according to Knight Frank LLP. Mary Sai, executive director of capital markets at Knight Frank Singapore, projects sales to reach as much as S$1.5 billion in 2023
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