Cook, work, play in malls. But whither the retail property recovery?

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.