Retail in Asia

In Shops

Singapore’s retail rents inch up in Q2, says URA

Retail rents in Singapore rose 0.6 percent in the second quarter, against a decline of 0.3 percent in the first quarter, the latest property indices released by Urban Redevelopment Authority (URA) on Friday morning showed.

Prices of retail space dipped 0.3 percent quarter-on-quarter in the second quarter of 2014, after remaining unchanged in the first three months of this year.