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Recent shophouse activity on East Coast Road includes: - June 2025: Three-storey freehold shophouse for $15.5 million. - September 2023: Pair of conserved shophouses for $20 million. - Pair of freehold shophouses at 425 and 427 East Coast Road for $7.8 million.

Construction companies and property buyers in Singapore are affected by ongoing labor shortages. For construction companies, labor shortages drive up costs and cause project delays. For property buyers, these issues lead to higher property prices and delays in project completion. Both must navigate a challenging environment.

HDB resale flat prices in Singapore rose 0.9% in Q2 2025, the 21st consecutive quarter of growth but at a slower rate. Analysts expect prices to increase 4-6% for the year. Record numbers of million-dollar HDB transactions and plans for more public housing in central locations are noted.

For a local company buying a residential property, the standard Buyer's Stamp Duty (BSD) rates are: 1% for the first $180,000, 2% for the next $180,000, 3% for the next $640,000, 4% for the next $500,000, 5% for the next $1,500,000, and 6% for the remaining amount. Additionally, entities (excluding developers) face an Additional Buyer's Stamp Duty (ABSD) of 65% on the purchase price or market value, whichever is higher.

For a local company buying a $3.8 million HDB shophouse with a residential unit valued at $500,000, the BSD is calculated as follows: - Residential component ($500,000): Apply residential BSD rates (up to 6%). - Commercial component ($3,300,000): Apply non-residential BSD rates (up to 5%). ABSD does not apply.

The buyer's stamp duty for an HDB shophouse (non-residential) is: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, and 5% on the remaining amount.

In Singapore, a property agent can act as a witness for both the landlord and tenant in a tenancy agreement. There is no legal restriction against this, but best practice suggests having different witnesses for impartiality. The witness should be an adult with no close relationship or vested interest with either party.

The facing direction of a unit can influence price appreciation in Singapore by enhancing comfort and desirability. Factors like market preferences, location, development quality, and amenities generally have a stronger impact. A good facing unit can enjoy moderate premium and demand, but broader market trends are more influential.

To calculate rentability (rental yield) of a property in Singapore: 1. Determine annual rental income (monthly rent x 12). 2. Calculate property purchase price. 3. Calculate gross rental yield: (annual rental income / property price) x 100. E.g., for a property rented at $3,000/month and purchase price $1,000,000, the gross rental yield would be 3.6%.

EdgeProp Singapore provides comprehensive and balanced coverage on the property market, reporting both positive developments and challenges. Recent reports cover price stabilization, growth in luxury and landed properties, as well as significant drops in market sentiment and revised slower price growth forecasts. The platform offers tools like price trend data and fair value calculators.