Singapore Retail

Welcome to Part 2 of the series on finding the perfect retail space in Singapore. In Part 1, we discussed the key factors to consider when evaluating a retail space, including location, unit size, rent and GTO. In this installment, we will focus on the the condition of the space, lease terms, competition and complimentary businesses, amenities, zoning and future development plans. Whether you're a...

When it comes to starting or expanding a business, finding the right retail space is crucial. The location, size, condition, lease terms, and amenities of a space can all have a major impact on the success of a business. In Singapore, where retail space is in high demand, it's important to understand the factors to consider when renting a retail space. This article will guide readers through the process...

The Urban Redevelopment Authority (URA) is offering the owners of Midpoint Orchard, Orchard OG and Faber House sweeteners to spur them to redevelop as part of Singapore’s plan to rejuvenate its most famous shopping belt. Observers said that this could be a way to negotiate the tricky situation surrounding Midpoint Orchard – a strata-titled building which, The Straits Times understands, has about 60...

Siglap Shopping Centre will be put up for collective sale by public tender on Tuesday (Oct 27), with the reserve price for the freehold mixed-use site on East Coast Road set at S$120 million, marketing agent OrangeTee Advisory said on Monday. Completed in around 1980, the three-storey development at 883 to 903A East Coast Road is made up of eight residential units and eight commercial units sitting on...

Six shophouses - three on Baghdad Street, and three in the Telok Ayer area - were put up for sale on Wednesday. With the sites for all six shophouses zoned for commercial use, purchases are open to both local and foreign buyers, with no additional buyer's stamp duty to be imposed. Three adjoining prime shophouses at 14, 16 and 18 Baghdad Street are up for sale as an entirety by expression of interest...

Two shophouses located in the central business district (CBD) and three adjoining shophouses in Jalan Besar have been put up for sale by tender, marketing agents PropNex and Edmund Tie said separately on Tuesday. The three-story shophouse with an attic at 35 Kreta Ayer Road has a S$12 million guide price, or S$2,181 per square foot (psf) based on a total floor area of about 5,500 square feet (sq ft)....

Rentals of retail space in Singapore's central region shrank 3.5 per cent in the second quarter of 2020 over the previous three months, after easing 2.3 per cent in the first quarter of 2020. Data released by the Urban Redevelopment Authority (URA) on Friday also showed that prices of retail space in the central region fell 1.5 per cent in Q2 2020, although this was a smaller drop than the 3.1 per cent...

A portfolio of 11 shops at Sim Lim Square is up for sale again via expression of interest (EOI) with a guide price of S$21 million, exclusive marketing agent Knight Frank Singapore said on Thursday. The indicative price works out to about S$4,134 per square foot (psf). The shops are central podium facing units on the fifth floor of Sim Lim Square, a complex catered for electronics and IT...

Three shophouses at Ann Siang Road and Keong Saik Road is up for sale by expression of interest at a total guide price of S$30.5 million. The properties can be bought individually or as a portfolio. A trust company has appointed property consultancy Knight Frank Singapore to offer the portfolio for sale, Knight Frank said on Wednesday. All three shophouses are zoned "Commercial" under Master Plan...

Three adjoining conservation shophouses at 223, 225 and 227 Geylang Road are up for sale collectively by expression of interest with a guide price of S$12 million, exclusive marketing agent CBRE said on Monday. The freehold, two-storey shophouses sit on a combined site of about 4,318 square feet (sq ft), with a total built-up area of about 6,754 sq ft. After factoring in an estimated development...