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Chart of the Day: 13-year owned shophouses doubled gains when sold in 2019
Their limited supply makes them assets to hold for wealth preservation.
This chart from Knight Frank shows that shophouses that were held for at least 13 years reaped returns of over 200% upon being sold in 2019.
In particular, the sale of 789 Geylang Road reaped gains of 209% after being held for 13 years. Meanwhile, 19 Hongkong Street, which was held for 21 years, recorded returns as high as 1,239%.
“Given that shophouses are limited in supply, they will be good assets to hold for wealth preservation. Those in the heritage districts, especially in the CBD, are further in demand due to their relatively high footfall and rental income,” the report added.
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