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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

Supply deluge: In the next 15 months, major incoming supply includes the 340,000 sq ft Paya Lebar Quarter, 580,000 sq ft Jewel at Changi Airport and 325,000 sq ft Funan mall (left).


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.

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