You are here

Big Data shows longer dwelling time in Jurong East malls

But this has not translated into improved rental performance, study finds

BT_20151026_LKRETAIL22_1943551.jpg
The gross median monthly rent in Jurong East stood at S$16 per square foot (psf) in the first half of this year, 37.4 per cent lower than in Tampines, and marked a general downtrend since the first half of 2013 when the median rent was S$21 psf.

Singapore

A NEW study that tapped the use of Big Data has found that shoppers spend more time in the malls in Jurong East than in retail centres in the more mature Tampines cluster.

But that does not seem to have had an impact on rental performance, with the Jurong East malls

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom