Property News - Inside Retail Singapore
Capitaland has opened a 235,000sqm Raffles City mall in Chongqing – the first stage of a 1.12 million sqm megastructure in the Chinese city.
The Shoppes at Marina Bay Sands has created a host of activities for shoppers to “rediscover luxury” in celebration of the Fall Winter 2019 fashion season.
After five years at The Centrepoint, Metro Department Store will shutter its flagship next month.
Parklane Shopping Mall is selling 33 strata retail units in its first level basement.
Paya Lebar Quarter (PLQ) Mall by Lendlease is set to open in Singapore on October 24, with a preview to commence on August 30.
CapitaLand Retail China Trust (CRCT) has boosted net property income (NPI) by 11.1 per cent in the first half year.
CapitaLand has achieved 95-per-cent leasing rate for the retail component of Raffles City Chongqing ahead of its opening in September.
Central Singapore retail rents eased by 1.5 per cent in the second quarter of this year, according to data from the Urban Redevelopment Authority.
Frasers Centrepoint Trust’s net property income slipped 1.1 per cent to $34.6 million in the third quarter.
Katong’s newly-revamped Kinex mall has expanded, adding an events space and new stores.
CapitaLand Mall Trust has achieved net property income of S$273.3 million for the half year to June 30, up 10 per cent year on year.
Ongoing investment-sale activity for malls suggests a positive outlook for the Singapore retail leasing sector, reports Edmund Tie & Company.