Retail rents, prices slide again but at a slower pace

Singapore

RETAIL space in Singapore continued to post sluggish numbers as market conditions remained challenging, but the latest figures from the Urban Redevelopment Authority (URA) released on Friday showed declines easing somewhat.

URA's retail property rental index edged downwards by 1.2 per cent in the second quarter of this year over the preceding quarter - a smaller drop than the 2.9 per cent quarter-on-quarter decrease in Q1.