Property-report.com, 25 Mar 2009, Khalil Adis
Retail rents in Singapore fell in the first quarter of 2009 due to poor consumer sentiment as a result of the weakening economy as well as shrinking tourist arrivals, according to CB Richard Ellis (CBRE).
Prime retail rents in Singapore eased by 3.3 percent quarter-on-quarter and down 4.0 percent from the same period last year, averaging S$34.90 per sq ft.
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