Prime retail rents to see further recovery in 2023, with Orchard Road leading the way
The Singapore retail market has seen a surge in recovery in the latter half of 2022, with prime retail rents island-wide increasing by 1.7% q-o-q to reach an average of $26.10 psf per month in 4Q2022. In particular, the Orchard Road area saw the highest rental growth of 3.1% y-o-y, with prime retail spaces fetching […]