Finding A Footing in 2021 | Retail H2 2020 (Colliers International) 21 March 2021
Retail property market expected to stabilize and recover gradually after COVID-19
Average Orchard Road and Regional Centre rents declined 2.5% in H2 2020, bringing the full year decline to 7.2% as net absorption hit a record low. We expect demand in 2021 to turn positive as the economy reopens.
Retail transactions fell 29.5% YOY in 2020, while capital values declined 5% given disrupted income. We expect capital values to remain flat in 2021.
Download Colliers' bi-annual report on the retail sector in Singapore for H2 2020, as we analyse the latest trends and market outlook, with expert recommendations for retailers, landlords and investors.
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