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Amended: Difficult retail conditions show in Q1 rental dip: DTZ

Fourth straight quarter of rental decline since Q2 2015; large impending supply in 2016 also to blame

DTZ noted that retailers such as Tiffany & Co and Dior at ION Orchard are placing greater emphasis on providing highly personalised services and giving outlets a sense of exclusivity.


RETAIL rentals fell islandwide in the first quarter on weak demand, data from DTZ South-east Asia released on Tuesday showed, coalescing with news of retailers consolidating and vacancies on the climb.

According to the consultancy, average monthly first-storey rents fell

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