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Singapore retail scene: net demand to remain soft

"We see a further tiering of the market, less so between prime Orchard and suburban malls, but a tiering that is premised on scale, location and connectivity, and active asset management." - Citi Research report

RETAIL rents in Singapore have demonstrated a remarkable period of stability post-Global Financial Crisis (GFC), with average rents in both prime (Orchard) and suburban locations holding steady for nearly four years.

However, since their peak in early 2015, average retail rents have

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