Retail rents in S’pore expected to rise with suburban malls leading the way

SINGAPORE – Retail rentals have probably hit bottom and will start to rise again, with suburban areas poised to lead the market recovery.

Mr Alan Cheong, Savills Singapore’s executive director, noted that past rental highs may not be sustainable as the retail landscape has changed since the pandemic and tourist arrivals have yet to return to pre-Covid-19 levels.