Submitted By:
Luz Wendy Noble
Case Study:
No
Its ground-floor rents could lead the gradual rental recovery from 2018 to 2022.
Ground-floor rents in the Orchard Road shopping belt led the rental recovery as the area is a mainstay for tourists, Colliers International reported.
Orchard Road ground-floor rents stayed flat YoY at $40.39 (USD29.59) psf pm during H1 2018, which is still higher compared to the regional centres’ rents which saw a marginal uptick of 0.3% YoY to $33.50 psf pm. Colliers International thinks that the H1 2018 rates marked some stabilisation in ground-floor rents.
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