# Shophouse sales in Kampong Gelam have “declined sharply” in recent years.

*business · news · 2026-04-06 · The Straits Times*

## Key points

- Shophouse sales in Kampong Gelam have declined by 60% since 2023, according to URA data.
- Local buyers accounted for about 75% of Kampong Gelam shophouse transactions from 2020 to 2025.
- Only one shophouse in Kampong Gelam was purchased by a foreign buyer in 2024.
- Since June 2025, URA has banned new souvenir shops in Kampong Gelam to preserve its character.
- Median shophouse rent in Kampong Gelam was $6.19 psf in 2025, below the Singapore median.

**Countries:** Singapore

[Read the full story on The Straits Times](https://www.straitstimes.com/singapore/shophouse-sales-in-kampong-gelam-have-declined-sharply-in-recent-years-most-buyers-local-ura)

---

Canonical: https://newsio.io/n/99bd27f5-caa9-4cdb-b673-4252c466b99b/shophouse-sales-in-kampong-gelam-have-declined-sharply-in-recent-years
Summarized by Newsio from The Straits Times. https://newsio.io/how-it-works