$StarhillGbl Reit (P40U.SG)$$PARAGONREIT (SK6U.SG)$ RENTS of...

RENTS of retail space in Singapore’s central region edged up by 0.5 per cent in the third quarter of this year, after a marginal 0.3 per cent increase in the previous quarter. 

Figures released by the Urban Redevelopment Authority on Friday (Oct 27) showed that prices of retail space in the central region increased by 0.6 per cent, following a 0.3 per cent rise in Q2.

Islandwide, as at end-Q3 this year, there was a total supply of around 600,000 square metres (sq m) gross floor area of retail space from projects in the pipeline – some 35.7 per cent more than the 442,000 sq m in the previous quarter.