Retail is at a turning point. Quick turnrounds in rent is expected with the pick up of international travel, particularly for tourism dependent submarkets such as Orchard Road.
Domestic discretionary spending for large ticket items has kept the Orchard belt going. With GST hikes in 2022, will tourism help keep the retail demand strong? And will a revival help to pad up real estate and rental prices for commercial properties in districts 10 and 11?
Read the report by CBRE on the retail market outlook in Singapore.
by CBRE
Picture credit: Canva Pro
