Retail property market may be on stronger recovery footing
But cautiously optimistic property market watchers noted that consumer spending is still tepid
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
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 risen by this much since the series began in 2011.
But some industry watchers caution that given the generally tepid consumer spending in physical retail stores (among other factors), significant hikes in retail rents may be untenable.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
