The Factors That Define the Value of Shophouse Streets

In Singapore’s shophouse market, two units may be just a few blocks apart, but their value can differ dramatically, and the difference often comes down to the street itself.

Here’s why street selection matters more than many investors realise.

Foot Traffic = Visibility = Value

South Bridge Road is well-known for its bustling activities (Image credit: EdgeProp, 2024)

A key driver of commercial shophouse value is footfall. Streets with heavy pedestrian traffic — especially those that see a mix of tourists, office workers, and locals tend to command higher prices per square foot. More people walking past your door means higher exposure, which translates to stronger tenant demand and better rental yields.

Main streets like Circular Road or South Bridge Road are prime examples. They’re busy, well-known, and ideal for F&B or retail tenants who rely on visibility.

Quiet Lanes Can Mean Prestige or Problems

Not every quiet street is less valuable, but context matters. A peaceful back lane may deter footfall-dependent businesses, but in some cases, it appeals to boutique concepts or upscale tenants seeking exclusivity.

Neil Road, for example, offers a calmer vibe yet still attracts interest due to its boutique positioning and proximity to key hubs. But values here may not match streets with heavier flow unless the tenant mix aligns with the quiet, curated feel.

Proximity to MRTs, Amenities, and Attractions

Being close to an MRT station is always a plus. It boosts accessibility, widens tenant appeal, and typically leads to stronger long-term appreciation. Add restaurants, bars, offices, and hotels into the mix, and you’ve got a recipe for a high-demand location.

Why Some Streets Stand Out: Case Examples

Ann Siang Hill

Ann Siang Hill is surrounded by premium dining and nightlife options (Image credit: EdgeProp, 2023)

This is a heritage-rich enclave surrounded by premium dining and nightlife options. With its elevated positioning and conserved architecture, it has become a go-to for sophisticated lifestyle concepts. Values here are driven by prestige, heritage, and location.

Keong Saik Road

Keong Saik blends heritage with modernity (Image credit: EdgeProp, 2017)

Keong Saik features a mix of upscale dining, boutique hotels, and a unique blend of heritage and modernity give it serious commercial cachet. Investors are drawn to its trendy image and strong rental yields.

Street selection is all about visibility, vibe, amenities, and branding all shape a shophouse’s value. Whether you’re buying to lease out or planning to operate a business, choosing the right street can make a major difference in your returns.

Still unsure? Explore our latest listings or get in touch with the PSE team to find the right shophouse for you!