Retail rents continue to decline in 1Q2023, but at a slower rate compared to past quarters
Despite the slight decrease in rents, the retail sector in Singapore is showing signs of recovery and predicted to pick up in the coming year. The URA’s quarterly data, released on April 28th, showed rents for retail spaces in Central Region decreased by 0.3% in 1Q2023, with Y-o-y, rents decreasing by 2.3%. Prices of retail […]