Author: leahlim   |   Latest post: Thu, 27 Feb 2020, 3:28 PM


Glimmers of hope in the retail sector?

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SINGAPORE (EDGEPROP) - URA’s statistics showed retail rents continued to improve in 4Q2019. Retail rents in the Central Region were 2.3% higher q-o-q, showing the same pace of growth as the previous quarter.
For the full year 2019, retail rents for the Central Region were up 2.9% y-o-y, reversing the full year decline of 1.0% in 2018. However, rents are still 15% below the last peak in 4Q2014, says Tricia Song, Colliers International head of research for Singapore.


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