Daily Briefing: Singapore among top global markets for retailers; Bleak property dev sentiment

Here’s why Singaporeans may not like a car-lite city-state.

Singapore emerged as the 7th most appealing place to open a shop for mainstream, premium and luxury retailers, according to JLL’s Cross Border Retailer Attractiveness Index. According to the property consultancy, because of Singapore’s “strategic location and attractive business climate,” the city-state is one of the preferred destinations for international retailers to establish a presence in. Read more here.

Majority of developers feel that market conditions will deteriorate further due to the restrictive property cooling measures. Property developers in Singapore remain pessimistic over the current state of the residential market and its outlook, according to the latest NUS-Redas Real Estate Sentiment Index, reported The Business Times. The quarterly report uses a survey to collect data on respondents’ perceptions and expectations of current and future property market conditions. Find out more here.

According to a recent news report which weaved in Transport Minister Khaw Boon Wan’s bold cry in Parliament that “the car would go the way of the horse carriage” in 15 - 25 years’ time, coupled with the Government’s objective to transform and beef up our public transport options revolving around the aim for 75% of trips to be made by public transport by 2030, we at GET.com feel that many Singaporeans are taking the news with a pinch of salt. Read more here.