Commercial Retail

This equates to around 460,000sqm of new retail supply.

Prime retail rents grew 2.6% for full-year 2022.

It is tied with Singapore at second place, whilst Chinese cities took the top spot.

Islandwide rents grew 1.6% to $25.15psf per month in 2022.

Almost 57% of all mall leasing activity was from new leases.

Around 68,000 sq ft of leasing activity was recorded during the quarter.

Nearly 4 million sq ft of new supply is expected to come online this year.

From concept stores to niche groceries to digitalisation efforts, retailers are going all out.

One is a sale and purchase agreement valued at RM2.2 billion.

It has a total of 2.5 million sq ft of lettable area.

Rents will remain largely flat this year.

Find out what strategies mall owners and retailers have been using.

Rent adjustments are not expected to improve vacancy rates.

Completions only totalled 20,700sqm over the last 12 months.

The malls have an average of 1 million sq ft of net lettable area.

The total supply is stable at 1.1 million sqm.