SUBSCRIBERS
Average monthly Orchard Rd gross retail rent may slip by up to 5% in 2015: Colliers
Published Tue, Jul 7, 2015 · 09:50 PM
Singapore
THE average monthly gross rent for retail space in Orchard Road might correct by up to -5 per cent in 2015, according to a report by Colliers International.
This follows a lacklustre Q2, during which monthly rent for retail space in the prime location eased from S$35.83 per sq ft in Q1 to S$35.25 at the end of June - a quarter-on-quarter drop of 1.6 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Australia’s housing rent hits record high in headache for RBA
GuocoLand taps X factor to help tenants pull workers to offices amid hybrid work
After S$160 million makeover, SingLand eyes better take-up, higher rents at Singapore Land Tower
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand