COTD: Islandwide retail supply pipeline peaks in 2025

However, supply is expected to ease from 2026 through 2029.

Islandwide retail space supply is projected to peak sharply in 2025, with nearly 1 million square feet of net leasable area expected to come onstream, according to Cushman & Wakefield’s latest pipeline data.

The surge will push new supply well above the ten-year historic average.

In contrast, new supply is forecast to taper off significantly in the following years. Both 2026 and 2027 are expected to see additions of less than 0.3 million sq. ft. each.

Supply will recover slightly in 2028, rising to just under 0.6 million sq. ft., before easing again in 2029.

Near-term expected additions include Canninghill Square (87,000 sf) and Parc Point, Tengah Park Neighbourhood Centre (75,000 sf) in 2026, as well as Chill @ Chong Pang (65,000 sf) in 2027.

Larger projects exceeding 100,000 sf, namely Bukit V Mall (174,000 sf) and the Tanglin Shopping Centre redevelopment (118,000 sf), will only come onstream in 2028.

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