14 Nov '13, 7am

#Singapore #GlobalREBubble 'Orchard Rd is 16th most expensive retail location' via @SGPropertyGuru

Nov 14, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share With rents at US$354 (S$441) psf per year, Singapore’s Orchard Road has retained its position as the 16th most expensive retail location in the world, according to a new report from Cushman & Wakefield. Topping the list is Hong Kong, where luxury brands and jewellery retailers remain the dominant tenants in prime locations, followed by New York, Paris, London and Tokyo. Rents in Singapore remained stable across all sub-sectors over the year to June 2013, with fast fashion brands like Uniqlo and H&M actively expanding into suburban malls. Such schemes are steadily shedding their perceived image as locations populated by budget brands and they are increasingly marketed from a more diverse perspective. Meanwhile, the revamp of Orchard Road has provided luxury retailers with more options. These retail...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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