Mixed sentiment seen for retail property market

Singapore

SENTIMENT in the retail property market is expected to remain mixed in 2016 with prime retail rents likely to remain under pressure, while prime rents in regional centres will likely remain resilient and stay relatively unchanged in the year, said Colliers in a report on Wednesday.

This is largely an extension of the situation seen in Q4 2015. Indeed Q4 saw some retailers report deteriorating trading results and profit warnings, while others continued confidently with their expansion programmes.