Retail rents fall further as vacancies creep up
URA's latest data shows retail rents falling 1.9% in Q1, while the vacancy rate inched up to 7.3% on weaker demand and greater supply
Singapore
RENTALS of retail space in Singapore fell 1.9 per cent in Q1, a steeper decline than the 1.3 per cent dip in the previous quarter, said the Urban Redevelopment Authority (URA) on Friday.
Consultants noted that this was the fifth consecutive quarter of falling retail rents, with the sector being hit by labour constraints, weak retail performance and competition from e-commerce.
Prices of reta…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery
Asking rents down as demand slows and rental listings surge
Eurozone consumers increasingly struggle to pay for housing
Too many property agents? Cap commissions on home sales
URA releases reserve list site in Zion Road after developer commits to bid at least S$604.6 million