What is the demand for large retail spaces in the central region of Singapore?

The demand for large retail spaces in Singapore's Central Region has shown mixed trends but overall indicates a stabilizing and slightly improving market.

In the second quarter of 2024, retail space rents in the Central Region remained flat after a slight decline in the previous quarter, suggesting a stabilization in demand.

However, there are signs of robust demand for prime retail spaces. For instance, in the third quarter of 2024, retail property prices rose by 1.7% quarter-on-quarter, and prime retail rents in the Central Region saw a 0.3% quarter-on-quarter increase. This indicates that there is still strong interest in high-quality retail spaces in the Central Region.

Additionally, areas like Orchard have seen strong take-up of prime retail space, which further supports the notion that there is healthy demand for large and prime retail spaces in key areas of the Central Region.

For more detailed and up-to-date information on the demand for large retail spaces in the Central Region, you can use EdgeProp's market trends tracker and powerful search filters to access historical property data and compare sales volumes of similar properties.