Singapore retail rents fall 0.6% in Q1, prices up 2.2%: URA

[SINGAPORE] Rents of retail space in Singapore’s central region dipped 0.6 per cent in the first quarter of 2026, reversing from the 0.6 per cent increase in the fourth quarter of 2025.

Islandwide, retail vacancy rate was flat, after falling 0.6 percentage point in Q4.

Figures released by Urban Redevelopment Authority (URA) on Friday (Apr 24) showed that prices of retail spaces rose 2.2 per cent in Q1, up from the 1.7 per cent increase in the previous quarter.

In Q1, the amount of occupied retail space grew by 6,000 square metres (sq m), a significantly smaller increase than the 34,000 sq m expansion in Q4.

Retail stock increased by 10,000 sq m in Q1, compared with the decrease of 4,000 sq m in the previous quarter.

As at end-Q1, there was a total supply of about 605,000 sq m gross floor area of retail space in the pipeline, compared with the 560,000 sq m GFA of retail space in the pipeline in Q4.