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According to Knight Frank’s Wealth Report 2021, the number of Ultra High Net Worth Individuals with a net worth of US$30 million inclusive of their primary residence in 2020 went up by 10.2 per cent from 2019 despite the pandemic-led recession. “Besides other luxury properties in Singapore, shophouses also provide a draw for such investors looking into niche commercial space with cultural character,” says Sai. 
 
The number is steadily rising, notes Clive Chng, associate director of Red Brick Mortgage Advisory. In 2020 amidst the pandemic, 135 shophouses were sold, which was a 10 per cent increase from the 123 shophouses that were sold in 2019. 
Shophouses also provide a draw for such investors looking into niche commercial space with cultural character ....

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