Average monthly Orchard Rd gross retail rent may slip by up to 5% in 2015: Colliers
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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.
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