Colliers Bi-Annual Report H2 2020: Retail

Retail property market expected to stabilize and recover gradually after COVID-19

Average Orchard Road and Regional Centre rents declined 2.5% in H2 2020, bringing the full year decline to 7.2% as net absorption hit a record low. We expect demand in 2021 to turn positive as the economy reopens.

Retail transactions fell 29.5% YOY in 2020, while capital values declined 5% given disrupted income. We expect capital values to remain flat in 2021.

Download Colliers' bi-annual report on the retail sector in Singapore for H2 2020, as we analyse the latest trends and market outlook, with expert recommendations for retailers, landlords and investors.

2020 Singapore Radar Report Singapore Market Outlook 2020 1040x1040

Finding A Footing in 2021 | Retail H2 2020

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Tricia Song

Director & Head

Singapore

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Tricia Song is a Director and the Head of Research at Colliers International Singapore. Ms Song brings with her more than 17 years of experience in real estate equity research and capital markets in Singapore and ASEAN. Before Colliers, she was the lead analyst for the Singapore Real Estate and REITs sector at Equity research at Barclays Bank PLC and before that at Credit Suisse, HSBC, CIMB-GK, and UOB KayHian. She was the lead analyst on various IPO pre-deals such as Ananda Development, iREIT Global and CapitaMalls Asia.

She also has prior experience in private equity, working on M&A deals in Asia Pacific at Newbridge Capital. Ms Song graduated with a Bachelor of Business Studies (Honours) degree from Nanyang Technological University, Singapore.

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Jonathan Denis-Jacob

Director & Head

Singapore

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Jonathan is Director and Head of Advisory services at Colliers International in Singapore. He is a registered professional planner, urban economist and real estate professional with over 13 years of industry experience in North America and Asia. He has joined Colliers International in May 2018.

Jonathan is in the business of providing bespoke strategic advisory through solid economic, financial, and market analysis to help clients achieve remarkable real estate, urban and infrastructure projects. As an international urban development and real estate expert, he supports government agencies, public institutions and investors on real estate strategies, urban planning and infrastructure projects and economic development strategies across Asia and beyond.

Jonathan regularly supports clients with their regional and international real estate investment strategies, working with Colliers International colleagues around the world as part of Asia outbound capital deployment strategies.

Originally from Montreal, Canada, Jonathan is a Canadian citizen and permanent resident of Singapore. He is professionally fluent in English, French and Spanish.

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