Chart of the Day: Retail rental growth in Singapore is still negative

OCBC Investment Research cited data URA which said the Retail Rental Index fell 0.5% QoQ in Q2 2021.

This chart from OCBC Investment Research showed that retail rental growth in Singapore remains to be negative, citing data from the Urban Redevelopment Authority (URA) and internal estimates.

The URA Retail Rental Index fell 0.5% quarter-on-quarter during the second quarter, the sixth consecutive quarter that the index dipped. However, the magnitude of the decline is smaller compared to the 2.3% to 5.2% decline recorded since the first quarter of 2020. 

OCBC Investment Research said that the leasing environment is still “soft,” which suggests that negative rental reversions “are likely to persist as landlords place priority on defending occupancy rates.”

It also noted that retailers and landlords are increasing their presence online and adopt omnichannel strategies, citing as an example the Frasers Centrepoint Trust, which has at least 50% of its food and beverage tenants on the Frasers Makan Master app, posting and increase by 5x and 4x in sales and orders, respectively, since the start of 2021. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Lorem Ipsum Singapore Business Review
The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.The text to display in the title bar of a visitor's web browser when they view this page. This meta tag may also be used as the title of the page when a visitor bookmarks or favorites this page, or as the page title in a search engine result. It is common to append 'Singapore Business Review' to the end of this, so the site's name is automatically added. It is recommended that the title is no greater than 55 - 65 characters long, including spaces.
Agribusiness
Lorem Ipsum 2
Contrary to popular belief, Lorem Ipsum is not simply random text.