Q1 retail rent slides in central region; fall expected to moderate further

Singapore

RENTALS of retail space in Singapore's central region slid by 4.4 per cent quarter on quarter in the first quarter of this year, albeit moderating from the decline of 5.2 per cent in the prior quarter.

Analysts expect the decline in retail rents to moderate further this year as vaccinations pave the way for the easing of safe distancing measures and the eventual lifting of border curbs.