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Q2 net demand for retail space shrinks by record 93,000 sq m

This is more than double Q1's 43,000 sq m fall and the biggest reduction since URA's time series for this segment began in 2011

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Colliers expects average retail rents for prime floors in the suburbs as well as Orchard Road (above) to decline 5 per cent or more in 2020 and stay flat in 2021, despite limited new supply.

Singapore

THE severe bruising of the Singapore retail sector amid the Covid-19 pandemic has been reflected in the latest official data on the retail property market.

The Urban Redevelopment Authority's (URA) rental index for retail space in Singapore's central region slipped 3.5...

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