Retail Market Update Q3 2024
Collaboration and innovation in the face of retail challenges
02 January 2025
Key Highlights
- Prime retail rents in the City Fringe micromarket showed the highest quarterly growth of 0.4% to S$23.80 psf pm.
- Retail sales exhibited signs of levelling off as tourism expenditure per capita in Singapore might be declining despite the increasing number of visitor arrivals.
- In tandem with the rising number of Chinese visitors, more Chinese brands made Singapore the first stop before fully establishing their presence and network in other Southeast Asian economies with steadily growing middle class demographics.
Read full report here.
