Cook, work, play in malls. But whither the retail property recovery?
Retail rents in the central region as of the third quarter in 2018 were 18.1 per cent below their most recent peak in the fourth quarter of 2014
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Singapore
RETAIL rents this year could stay flat or marginally increase for malls along the Orchard Road belt and in prime suburban areas, although a continued influx of supply and broader economic issues could continue to be overhanging concerns.
This comes after the sector continued to slide from long-standing issues like competition from online shopping, labour shortages and leakage of shopper dollars overseas, prompting retail landlords to take action with creative tenancy rejigs.
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