Shophouses in Singapore

Shophouses are a prevalent building type in Singapore’s architectural and built heritage. These buildings are generally two to three storeys high, built-in contiguous blocks with common party walls. They are narrow, small terraced houses, with a sheltered ‘five-foot’ pedestrian way at the front. In places like Chinatown, Telok Ayer, or Amoy Street, shophouses are often used as an alternative office space. They’re especially favoured by startups or small companies that want a location within or near the Central Business District (CBD), but cannot afford the higher rental rates of conventional offices.

When it comes to the valuation of shophouses, a combination of the prestige that comes with owning a shophouse, along with the scarcity of these properties, helps them to hold value even during downturns. Much like fine wine or art, shophouses also provide a cultural value that’s not always easy to quantify.