Tag Archives: Orchard Road

Prime retail rents on Orchard Road fall for sixth straight quarter: CBRE

AVERAGE prime retail rents on Orchard Road fell for the sixth consecutive quarter in the second quarter of this year, CBRE Research said on Thursday. Prime Orchard Road rents stood at S$32.50 per square foot per month (psf/month), on average, … Continue reading

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‘Special precinct’ among ideas to help Orchard Road raise its game

A more differentiated and customised shopping experience, as well as greater prominence for Singaporean craft and design could be in the works to strengthen Orchard Road’s appeal. A proposal for a “special precinct” called Upper Orchard, comprising the area stretching … Continue reading

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Orchard Road faces a time of reckoning after decades at the top

Once a famed shopping haven for Singaporeans and tourists alike, Orchard Road is at risk of going out of fashion, never mind the opulence and grandeur of new and refurbished malls lining the 2.2km boulevard. Even on weekends, the crowds … Continue reading

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Orchard Road malls seek new ways to draw the crowds

As Singapore retailers face pressure from the slowing economy, Orchard Road malls are looking for new ways to draw the crowds. Besides renovating the mall and changing the tenant mix, landlords are also throwing in free performances in a bid … Continue reading

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Orchard Road retail rents scrape four-year low

When Singaporean Hidayu Mustaafa craves for retail therapy, she walks to a mall five minutes from her home in the eastern suburb of Tampines instead of bussing down to Orchard Road – the island-state’s shopping Mecca. That is bad news … Continue reading

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‘Retail-tainment’ key to Orchard Road’s revival: Experts

The Centrepoint along Orchard Road will soon go through another facelift to make itself more attractive to shoppers and tourists. But in an increasingly competitive landscape, malls along Orchard Road must also offer other leisure activities and facilities to complement … Continue reading

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Can revamped Shaw Centre bring buzz back to Scotts Road?

Twenty months and S$80 million later, Shaw Centre is all decked out in time to welcome shoppers this festive season. The 42-year-old mall was given a facelift to improve its appeal and pull in a younger crowd, and property consultancy … Continue reading

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Orchard Road shopping malls face challenges in en bloc sale

Tanglin Shopping Centre is trying for an en bloc sale for the second time. It failed to find a buyer on its first attempt last year at a reserve price of S$1.25 billion. In fact, there has never been a … Continue reading

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Orchard Road: 25th most expensive retail street globally

Singapore’s famed shopping street, Orchard Road, has been ranked 25th most expensive in the world this year. With rents of retail space averaging at S$462.43 per sq ft a year, this is a notch up from last year against 129 … Continue reading

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Orchard Road prime rents on the rebound

Prime rents in Orchard Road have rebounded for the first time in nearly three years. That is according to a study by real estate consultancy CB Richard Ellis. Rents rose 5 per cent from the second quarter of 2011, to … Continue reading

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