singapore prime retail rents

Famed shopping strip Orchard Road led the rental growth.

The bank occupies six floors in Ocean Financial Centre.

Improving tourist arrivals and tight occupancy in prime locations will support the sector.

Prime rents in Orchard Road have already risen by 5.8% to S$29.5 psf pm in Q2.

This recovery will be led by the shopping belt on Orchard Road. 

It sees retail rents in Prime Orchard up by 3% year-on-year.

Prime retail rents in Orchard Area rose by 0.4% in the first quarter of 2022.

The expected growth is on the back of easing of restrictions.

Retail rents in Orchard also went up 0.7% QoQ.