In 2005, a shophouse in Duxton Hill transacted at $385 psf (pictured, above). That same shophouse is now valued at $3,000 psf. Shophouse and boutique hotel specialist with List Sotheby’s International Realty Simon Monteiro explains the astronomical rise: “These shophouses have a certain appeal to creative entrepreneurs and investors who appreciate the stories of these properties, where they themselves are.
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