Local retail property market shows signs of emerging from a slump, but strong rebound not expected

Singapore

SINGAPORE'S retail property market could finally be emerging from the doldrums, following a three-year battle against disruption brought about by technology amid rising operational costs and weak consumer sentiment.

JLL noted the broad-based stabilisation in this market segment, saying that for the first time in three years, the retail price and rental indices of the Urban Redevelopment Authority (URA) have entered into the positive territory across all regions tracked.

JLL's head of research …