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SINGAPORE PROPERTY

Retail rents fell 14.7% in 2020; market will remain challenging, say analysts

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Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Jan 22, 2021 · 09:50 PM
    Retail blues

    Singapore

    THE decline in retail rents gathered pace in the fourth quarter, taking the full-year drop in the Urban Redevelopment Authority's rental index of retail space in the central region to 14.7 per cent - in contrast with the increase of 2.9 per cent in 2019.

    Property consultants expect retail property rents to continue languishing - at least in the near term.

    Singapore propertyURARetail

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