Singapore retail rents post first increase in eight quarters, up 0.6% in 4Q2021
Singapore retail rents posted their first increase in eight quarters, rising 0.6% in 4Q2021, according to an EdgeProp Singapore report dated 28 January 2022.
URA data released on 28 January also showed retail property prices increasing 1.9% in 4Q2021 after remaining unchanged in the previous quarter.
Why this matters for Singapore commercial property
The improvement is a useful signal for retail rents, shopper demand, tenant mix and investor appetite for well-located commercial space. Businesses, landlords and investors can use it as market evidence when assessing leasing or acquisition decisions.
Key takeaways
• Market: Singapore retail property
• Location: Singapore
• Reported rental movement: 0.6%
• Reported price movement: 1.9%
• News date: 28 January 2022
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Source: EdgeProp Singapore, 28 January 2022