Chart of the day: Average rents in City Hall, Marina Center fell 12% from 2014 peak

Average rents in the area have been on a downturn since 2010.

This chart by UBS shows that average rents in City Hall and Marina Center continue to drop as it now crashed 12% below its previous peak in Q4 2014.

UBS noted that whilst Singapore’s retail sector appears to have weathered the worst of the global retail downturn, the road to recovery could thus be a long one, with most caution reserved for shopping centres in the Downtown Core or in the City Hall and Marina Center area.

Average rents in City Hall/Marina Center used to be higher than that of the suburban area but that tables have turned since early 2010 .

Amongst the three broad areas that the retail market is categorised into the City Hall/Marina Center area seems to lack the draw of the prime shopping belt and the residential catchment that supports the suburban malls.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Is HDB resale a good investment?
OrangeTee’s Dallas Hassan and Huttons Asia Real Estate Groups’ Lee Sze Teck answer frequently-asked questions on HDB.
Spoof proof: How the new SMS Sender ID Registry prevents phishing
Phishing remains a huge problem in Singapore, with reported incidents jumping from 16 to 5,020 within four years.