Positive reading for retail property market in Q3 but risks remain

Singapore

SINGAPORE'S retail property market chalked up a sound performance in the third quarter, but the path to recovery could be bumpy given external headwinds and challenges in the retail landscape.

Rents of retail space in the central region of Singapore increased by 2.3 per cent in the third quarter, after falling 1.5 per cent in the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday.