Relearning retail
Last year was a challenging one for the Singapore retail market. The island-wide vacancy rate for retail space climbed to 8.4% in 3Q2016 — the highest level in more than five years since the time series commenced in 1Q2011. Meanwhile, for the whole of 2016, rents in the Central area slid 8.5%, according to statistics from URA.
2 March, 2017
