Prime retail rents to see further recovery in 2023, with Orchard Road leading the way
The recovery of the Singapore retail market gained momentum in 4Q2022, with prime retail rents island-wide increasing 1.7% q-o-q and 2.6% for the whole of 2022. According to Knight Frank Research, prime retail spaces in the Orchard Road area registered the strongest rental growth of 3.1% y-o-y in 4Q2022. Edmund Tie’s Research also found that […]