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Poised for a better year | Retail H1 2022

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2019 H1 Singapore Retail Bi Annual Report Colliers 1040x693

Singapore retail sector on firmer path to recovery.


Report highlights:

  • Prime rents in Orchard rose 0.4% to SGD35.10 per sq ft in Q1 2022. Supported by a recovery in consumption, rising wages and tourist arrivals, we expect rents for this segment to grow around 1-2% by the end of 2022. Vacancy rates are also expected to tighten further by end-2022. Average capital values of the Prime Orchard  segment edged up 0.1% QOQ, hitting SGD7,600 per sq ft. 

  • Colliers recommends retailers take the opportunity to lock in prime spaces before rents rebound. They should also expand and curate their physical presence to capitalise on the rebound in footfall and enhance the shopper experience. 

  • With the lifting of restrictions, landlords can now organise promotional events and atrium activities. In addition, they can also leverage on reward platforms and partnerships to increase consumer engagement and bolster tenants’ sales.

Download the latest Singapore Retail | H1 2022 Report below. For more real estate research insights in Singapore, reach out to our experts Catherine He and Dickson Koh.


2019 H1 Singapore Retail Bi Annual Report Colliers 978x978

Poised for a better year | Retail H1 2022

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Related Experts

Catherine He

Head of Research

Research

Singapore

Catherine started her career as an Investment Analyst at IFC, the investment arm of the World Bank group, where she participated in the screening, due diligence, financial modelling, and execution of debt and equity investments. She also managed a portfolio of investments through financial analysis and the preparation of quarterly and annual reports. After completing her MBA at INSEAD, she joined Standard Chartered Bank as a Management Associate before starting her own company in Real Estate valuation and forecasting using Machine Learning. Catherine then joined Colliers from CBRE Research. 

Catherine brings to Colliers more than 15 years of experience, primarily in real estate and investments. She has worked with market data and brokers to develop consolidated views of the real estate markets in Asia Pacific, with a focus on Singapore. She was responsible for producing key market and economic updates, forecasts, and thought-leadership papers,  contributing to business development initiatives, investment advisory proposals and client presentations.

In addition, she has drafted feasibility studies and investment recommendations for top clients which include major developers, REITs, financial institutions, family offices, and funds, as well as presented research findings in client meetings and events. As a real estate research specialist with extensive experience, she looks forward to maximising the potential of property through data driven insights. 

 

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Dickson Koh

Associate Director

Research

Singapore

Dickson is responsible for various aspects of research within the Singapore property market. He interprets and synthesises a variety of data and information to stay ahead of market trends that help our clients make more informed decisions and maximises the potential of property.

At the same time, he is an advocate for the Colliers brand  via providing data-driven research reports, insightful posts, and thought leadership. Adept with a granular understanding of the different real estate asset classes throughout Singapore, he provides clients with tailored data and analysis to guide decision making process on investment and occupier strategies.

View expert

John Bin

Director

Capital Markets & Investment Services

Singapore

John has about 8 years of experience in the real estate industry, primarily in the areas of investment sales and advisory in both in Singapore and the UK. ‚Äč


Based in Singapore, John’s portfolio focuses on a range of transactions and serves a versatile clientele of investors from overseas fund managers, local developers, institutional buyers and  family  offices. John has closed transactions from collective land sales, commercial buildings, JTC property, hotels and shophouses. 

 

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KengChiam Tan

Executive Director & Head

Valuation & Advisory Services

Singapore

Keng Chiam has been in the valuation and advisory practice that span over 30 years. He has vast experience providing quality advice to clients of important real estate activities ranging from acquisition and disposal, merger and acquisitions, feasibility studies, etc. He had acted as an expert for clients in contentious, high-profile dispute resolution cases.

He is currently leading the valuation and advisory services, hotel and leisure and the consultancy divisions within Colliers. In addition, he will be setting up the business valuation within the firm to provide clients with a comprehensive suite of advisory services.

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Jonathan Denis-Jacob

Director & Head

Advisory & Consulting

Singapore

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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