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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

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.


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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