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Singapore Q3 retail vacancies rise to 5-year high of 8.4%

URA data shows decline in rents and prices moderating, but analysts see no light at the end of the tunnel for retailers


THE decline in both retail property rents and prices was slower in the third quarter than in the second, but vacancies shot to fresh highs.

The latest data from the Urban Redevelopment Authority (URA) indicates that the vacancy rate island-wide rose to 8.4 per cent at the...