pemCity fringe retail fueled rental growth./em/p pPrime retail rents across Singapore went up 3.8% YoY in the second quarter as the segment stays resilient, according to Knight Frank./p pKnight Frank data showed the average gross rents of prime retail space hit $27.40 per square foot per month in the second quarter, up 0.
Prime retail rents across Singapore went up 3.8% YoY in the second quarter as the segment stays resilient, according to Knight Frank.
For the first half, the average rents for premium retail space went up 1.5% as the post-pandemic rebound was masked by high operating costs due to inflation. Prime retail rents in the Marina Centre-Bugis area also rose 1% QoQ while rental growth in Ochard grew the slowest at 0.6%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore prime office rents hit pause after 3 years of non-stop growth: CBREpemChinese tech, legal firms are the main demand drivers this quarter./em/p pRents of Grade A offices in Singapore’s core central business district (CBD) held steady at $11.95 psf per month in the second quarter, pausing after rising non-stop for the past 12 quarters, according to CBRE.
Read more »
Singapore’s luxury housing market rebounds in H1: Knight FrankpemPrime condo sales went up 28% in the first half from the preceding six months./em/p pSingapore’s luxury housing market has picked up in the first half of the year compared to the preceding six months, but property analysts said uncertainty continues to loom over the sector.
Read more »
China AI startups target Singapore as prime destination for global expansionSeveral CN AI startups have moved to SG due to trade sanctions from the US that hindered their access to up-to-date technologies
Read more »
Lao Prime Minister to make official visit to Singapore on July 9This will be Dr Sonexay’s first official visit here since taking office in December 2022.
Read more »
Singapore’s luxury housing market rebounds in H1, prime condo sales up 28%Good Class Bungalows also saw heightened interest, with five properties fetching S$217.5 million in the first half, a stark contrast to the S$51.2 million generated from two sales in the preceding period.
Read more »
Singapore prime office values dip in Q2pemValues slid to $3,050 psf from $3,100 psf previously./em/p pCapital values of prime office space in the central business district (CBD) slipped in the second quarter, according to Colliers./p pThe average capital values of core CBD premium and grade A office space went down 1.
Read more »