In Singapore, shophouses attract high-profile investors like Jack Ma's wife, Jackie Chan, and Ricardo Portabella Peralta due to land scarcity and property cooling measures.
In Singapore, where land is scarce and public housing can cost up to a million, two- to three-story shophouses are attracting investors who pay tens of millions. Shophouse buyers include Jack Ma's wife, Hong Kong actor Jackie Chan, and Spanish tycoon Ricardo Portabella Peralta. The appeal of these commercial properties grew after the government introduced property cooling measures in April last year.
June 17, 2024
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