Bookmark & Share
Overall retail rents in Singapore rose by nearly 0.5 percent in Q2 2014 compared to the previous quarter — the third highest growth in Southeast Asia, revealed recent report by JLL.
“In Singapore, there was sustained demand from domestic and new-to-market retailers, such as Etro and Givenchy, which opened stores in The Shoppes at Marina Bay Sands,” the report said.
Additionally, Orchardgateway opened partially with a mix of fashion and accessory retailers, while the second wing of the mall is scheduled to ready by the second half of the year.
Notably, Thailand led Southeast Asia with its quarterly rental growth of 3.5 percent, followed by Manila’s figure of slightly under 1 percent.
Nikki De Guzman, Editor at CommercialGuru, edited this story. To contact her about this and other stories, email nikki@propertyguru.com.sg
Related Stories:
Singapore hotels post positive performance in July
FCL records strong operational performance amid drop in profit