Malls in Singapore Threatened Makin Sepi


yourpropertyupdate.blogspot.co.id, JAKARTA – shopping center or mall in Singapore hit a record high vacancy in the last ten years, encouraged additional supply of new and more efficient consumers.

Quoted by Bloomberg, on Saturday (29/10/2016) , in the last three months of the vacancy rate – an area that is not terpakai– rents rose 0.6% to 8.4% at the end of September 2016. Vacancies continued to rise despite rental rates declined 1.5% in the third quarter / 2016. The data reported by the Urban Redevelopment Authority (URA)

Bloomberg noted, kekosongna level mall Singapore in quarter III / 2016 is the highest since 2006. However, for unknown, since 2014 URA start entering hawker centers, entertainment, and fitness into the data area of ​​retail. The data included starting from 2011. Previously, the retail area just counting the store.

Request stall in a shopping center Singapore does have shrunk as consumer behavior that reduce spending amid the economic slowdown. Moreover, buyers are also beginning to switch to online shopping sites.

This coincided with an increase in new shopping centers where it could encourage a decrease in rental rates. Based on data from Cushman & Wakefield, in the next three years, Singapore will get an extra spacious mall nearly 4 million m2.

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