Retail rents expected to rise at slower rate in 2025 despite boost from new F&B brands
The strong Singapore dollar has led to less tourist spending per capita and could also dent local consumption
Add BT as a preferred source
SINGAPORE’S prime retail rents islandwide are expected to have risen between 2 and 4 per cent for the whole of 2024, driven by tourism recovery and expansion of foreign food and beverage (F&B) brands.
But as the city’s retail trade normalises from its pandemic lows, the outlook for 2025 appears uncertain, hinging on tourist and domestic consumption spending.
Between January and October 2024, Singapore saw 13.9 million visitor arrivals, up from 11.3 million in the same period last year.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
