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In Q4 2022, central region retail rents in Singapore fell by 1.1% QoQ, but island-wide occupancy rates rose by 0.7 percentage points. Prime retail rents increased by 1.7% QoQ to $26.10 psf/month, leading to a 2.6% annual growth. This shows mixed performance with rental declines and improved occupancy.

In Q4 2022, Singapore's retail market saw a decrease in vacancy rates to 11.3%, a surge in leasing activity, and a strong net absorption of 660,000 sq ft. Prime retail rents increased by 1.7% QoQ to $26.10 psf/month. All submarkets, including OCR, showed positive net absorption and reduced vacancy rates.

The demand for large retail spaces in Singapore's Central Region is stabilizing and slightly improving. In Q2 2024, rents remained flat, while Q3 2024 saw a 1.7% rise in property prices and a 0.3% increase in prime retail rents. Orchard area shows strong take-up of prime retail space.

In postal district 17, which includes Changi and Flora, notable shopping malls and retail amenities are LIV@Changi, Komo Shoppes, and Viva Vista Shopping Mall. These provide daily necessities, dining, and other convenience services to the local community.

In postal district 17, including Changi and Flora, retail units are typically within condominiums like Palm Isles and Hedges Park Condominium. The area is primarily residential with few standalone retail units. For more retail options, consider nearby districts or larger developments.

Retail rents in the central region decreased by 1.1% in Q4 2022, but island-wide occupancy improved by 0.7 percentage points. Prime retail rents increased by 1.7% to $26.10 per square foot per month, indicating a recovery in the prime retail segment and strong demand for high-quality retail spaces.

In Q4 2022, Singapore's retail space demand showed positive trends: the vacancy rate dropped to 7.1%, net absorption hit 61,000 sqm, and all submarkets recorded positive absorption. OCR had strong demand with a 3.8% vacancy rate. Prime retail rents increased, with Orchard seeing a 3.1% rise.

Utilize EdgeProp Singapore's tools for understanding demand for large retail spaces: Latest Transactions for recent data, Analytics and Market Trends for historical data, Property Research Tool for comprehensive data on commercial properties, and Property News for market analysis and trends.

Demand for large retail spaces in Singapore shows mixed trends. Prime shopping centres in core locations have strong demand and low vacancy rates, while non-prime assets struggle. Overall retail vacancy rates dropped to 6.2% by end-2024, with net demand increasing to 1.3 million sq ft from 0.8 million sq ft in 2023.

To view transactions for resale landed properties on EdgeProp: 1. Visit the EdgeProp Singapore website. 2. Use the search bar to enter "51C Holland Road, Singapore 258857". 3. Access the "Latest Transactions" or "Past Transactions" section for details. 4. Compare with nearby properties. 5. Register for email alerts.