Published:
Singapore retail pipeline to reach 540,000sq ft in 2025
It is lower than the 2024 pipelines.
According to Savills’ estimates, the pipeline supply of retail space in Singapore is expected to be around 540,000 sq ft (NLA) this year, compared to 679,000 sq ft (NLA) completed in 2024.
“The release of new supply is expected to taper off in the next two years before the completion of some major developments from 2028 onwards (such as the expansion of the Marina Bay Sands),” the analyst said.
With the limited pipeline supply in the next two years (less than 290,000 sq ft (NLA) per annum), it could relieve some pressure on retail occupancy and rents in the near term, Savills noted.
Read Here
Advertise
Sign Up
