These are the hottest boutiques that are flocking into Singapore malls

H&M alone has 3 new stores.

According to Savills, fast-fashion retailer H&M now has three new stores in Jem, Suntec City and VivoCity. The highly anticipated Jem opened its doors in June, offering around 584,000 sq ft of retail NLA which was fully committed prior to its completion. 

Other bigformat tenants such as Challenger, Courts, Kinokuniya, Marks & Spencer, Muji, Uniqlo and Robinsons, anchor all four corners of the mall on every level, ensuring an optimal shopper circulation.

Here's more from Savills:

Separately, Suntec City completed its Phase 1 asset enhancement which comprises some 193,000 sq ft of retail NLA which we understand is almost fully taken up. Phase 2 works have commenced and are estimated to be completed by the end of this year.

Retail sales (excluding motor vehicles) continued with a tepid performance, inching up 0.2% year-on-year (YoY) in April. Watches and jewellery took a surprising upswing which could be due to falling metal prices.

Other segments which contributed to April’s growth were supermarkets and F&B. It remains to be seen whether the ongoing Great Singapore Sales will generate enough lift for retail sales to take off, especially with the severe haze conditions which hit Singapore recently