Check out these six new malls slated to open in Singapore this year

See which space is already 80% pre-committed.

According to Nomura, among the major new suburban malls scheduled to open in 2014, UOL’s One KM has already secured tenants for 80% of the space as of end-December, while SPHREIT’s pipeline asset, Seletar Mall, was about 28% pre-committed as of October.

As well, the retail component of Ascendas REIT’s (AREIT SP, Buy) integrated development at Lavender Street is now 20% pre-committed.

Here's more:

Jones Lang LaSalle’s (JLL) latest forecast suggests some 2.6mn sq ft of new retail space is expected to be completed in Singapore during 2014, of which just under 1.8mn sq ft is expected to be located in the suburban shopping area. 2014 could therefore see the highest increase in retail space in Singapore since 2009.

Overall, however, it appears that apart from One KM, the other new suburban malls scheduled to be opened in 2014 have yet to secure significant pre-commitment.