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First-quarter retail rents for prime spots edge up 0.8%

Knight Frank report sees such spaces commanding 3-5% rise by the year-end

RETAIL rents of prime spaces islandwide inched up 0.8 per cent in the first quarter from the previous period, led mainly by higher rents for such spaces in Marina, City Hall and Bugis. While overall retail rents could see a gradual 3-5 per cent fall by the end of this year with new supply coming