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Can you provide information about shophouses in Singapore
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Shophouses are typically narrow, small terraced buildings with a sheltered “five-foot” pedestrian way at the front. They often serve both commercial and residential purposes and were built mainly between the 1840s and 1960s, rising two to three storeys in contiguous blocks with shared party walls. Many shophouses are designated as conservation properties, which can make them attractive but also subject to restoration guidelines.
Key points for buyers:
• Singaporeans and Permanent Residents can buy residential-zoned shophouses, while foreigners need approval from the Land Dealings Approval Unit (LDAU).
• No LDAU approval is required for purchasing purely commercial shophouses regardless of nationality.
• The residential portion of mixed-use shophouses is subject to Additional Buyer’s Stamp Duty (ABSD).
• Conservation status requires adherence to specific restoration rules that can differ by area. These include preserving historic features in districts like Boat Quay, Chinatown, Kampong Glam and Little India.
• Singaporeans and Permanent Residents can buy residential-zoned shophouses, while foreigners need approval from the Land Dealings Approval Unit (LDAU).
• No LDAU approval is required for purchasing purely commercial shophouses regardless of nationality.
• The residential portion of mixed-use shophouses is subject to Additional Buyer’s Stamp Duty (ABSD).
• Conservation status requires adherence to specific restoration rules that can differ by area. These include preserving historic features in districts like Boat Quay, Chinatown, Kampong Glam and Little India.