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Orchard Rd retail rents 7th most expensive in Asia-Pacific: report

Globally, Fifth Avenue in New York is the priciest, at US$3,550 per sq ft per year

RETAIL rents at Singapore's iconic shopping belt Orchard Road are the seventh most expensive in the Asia-Pacific, even as the industry faces headwinds in the form of a tight labour market, higher costs and dwindling profits.

According to Colliers International's Global Retail Highlights