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Ground-floor retail rents to lead gradual recovery

Overall retail rents should continue flattening out and stabilise over 2018-2022, according to a Colliers International report

Nisha Ramchandani

Published Wed, Aug 22, 2018 · 09:50 PM

Colliers

Singapore

SINGAPORE'S retail rental market is expected to see a gradual recovery over 2018-2022, led by ground-floor rents, a Colliers International report said.

Based on data from the Urban Redevelopment Authority, overall Central Region rents dipped by 1.7 per cent year on year in 1H18, although ground-floor rents appeared to have stabilised.