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Asia’s retail property market is back – get ready for rent increases

Inside Retail

Even the shopping-centre companies and retail chains that had the most to lose didn’t say a word in anger. CapitaLand Singapore’s retail REIT CapitaLand enjoyed double-digit percentage growth in retail sales per square metre at its malls in the first quarter , accompanied by concomitant growth in foot traffic.

Marketing 130
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For Singapore’s Capitaland, the mall comes roaring back

Inside Retail

The portfolio sales growth compares favourably with Singapore retail sales growth, which averaged monthly year-on-year increases of just over 14 per cent throughout 2022. It isn’t possible to say that Capitaland’s malls outpaced the market. Households are already hurting from inflation, which was running at 6.6