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Thread: Gap between rents in Orchard Road and suburban regional centres narrows

  1. #1
    Join Date
    May 2012
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    Default Gap between rents in Orchard Road and suburban regional centres narrows

    http://www.straitstimes.com/breaking...-narrows-20131

    The gap between retail rents in Orchard Road and suburban regional centres continued to narrow this year, as tenants opt to set up shop farther out from the city centre.


    A report from property consultancy Colliers International on Thursday showed that rents of prime retail space in Orchard Road were 9 per cent higher than similar space in regional centres this year. This was a dip from 31 per cent in 2007.


    Regional centres are usually in the suburbs, with a mix of offices, shops and entertainment places such as malls.


    Mr Calvin Yeo, deputy managing director of Colliers International noted that the shrinking difference was a result of retailers spreading out from Orchard Road to various locations across the island.

  2. #2
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    May 2008
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    Quote Originally Posted by princess_morbucks View Post
    http://www.straitstimes.com/breaking...-narrows-20131

    The gap between retail rents in Orchard Road and suburban regional centres continued to narrow this year, as tenants opt to set up shop farther out from the city centre.


    A report from property consultancy Colliers International on Thursday showed that rents of prime retail space in Orchard Road were 9 per cent higher than similar space in regional centres this year. This was a dip from 31 per cent in 2007.


    Regional centres are usually in the suburbs, with a mix of offices, shops and entertainment places such as malls.


    Mr Calvin Yeo, deputy managing director of Colliers International noted that the shrinking difference was a result of retailers spreading out from Orchard Road to various locations across the island.
    Just got my annual report from FCT Reit yesterday. DPU growing year on year. Maybe a good time to buy some more.

  3. #3
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    May 2013
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    Quote Originally Posted by EBD View Post
    Just got my annual report from FCT Reit yesterday. DPU growing year on year. Maybe a good time to buy some more.
    Hdb population stretching from khatik mrt to marsiling mrt (6 stops in between) go to northpt and causeway pt for shopping. No retail real estate supply in next 3-4 years
    So fundamentals for FCT is good.

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