Singapore ranks 18th in global ranking of retail rent

Property-report.com, 6 Jul 2009, Adley Low
Singapore ranked 18th position in a ranking of the world’s most expensive retail locations at end of quarter one-2009, moving up one notch from 19th position at end-2008, according to CB Richard Ellis’s (CBRE) latest Global Retail Market View.
At the end of second quarter, retail rents along Orchard Road was clocked at S$49.80 per sq ft per month.
This figure is down 3.9 per cent from the last quarter and 8.5 per cent lower than the same period a year ago.
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