Chart of the Day: Shophouse sales volume down 46% YoY in Q1

It went down to 28 deals in the first few months of the year.

The sales volume of shophouses in Singapore fell 46% year-on-year from 52 to 28 deals in the first quarter (Q1) of 2023, a chart from PropNex showed.

Most of the transactions were in the fringe locations including Districts 7 and 8.

The transaction value of deals in Q1 2023 stood at $278m, which is 11.7% down from the previous quarter.

This is the lowest quarterly tally of the sales value since Q3 2020 where $181m worth of transactions were done.

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