Prime retail rents are steadily recovering but have yet to return to pre-pandemic levels, with Tengah EC being one example, according to CBRE
Tengah ECAlthough Singapore’s tourism industry has yet to fully recover from Covid-19, CBRE’s latest report predicts that retail rents are slowly on the rise. According to their statistics, prime retail rents have increased to 4.6% above 2020’s historical low of 10.6% between 2018 and 2023. Though not yet reaching pre-pandemic levels of $28 psf per […]