Singapore retail rents remain weak in 1H2019
Ground floor rents on Orchard Road declined by 1.5% half-on-half (h-o-h) in 1H2019 to $40.60 psf per month, while rents in the Regional Centres remained flat at $33.60 psf per month. Although rental declines have slowed since early 2018, the soft economy could impact the weak consumer sentiment and delay any rental increases, notes Colliers....
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