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Retail property market may be on stronger recovery footing

But cautiously optimistic property market watchers noted that consumer spending is still tepid

Orchard Road can still attract retailers. Its vacancy rate slid to 5.1 per cent in Q4 2018, the lowest among all regions reported by the URA and lowest since Q4 2013.


A WAVE of cautious optimism has washed over the retail property market. This follows quarter-on-quarter upticks of above 1 per cent in the Urban Redevelopment Authority's retail rental and price indices for Singapore's central region. This was the first time both indexes had...