Singapore's Orchard Road amongst 30 most expensive retail streets

Prime retail space averaged at US$355.39 per sq ft.

Singapore ranked 27th worldwide, with rents of prime retail space along Orchard Road averaging at US$355.39 per sq ft per year.

The gross rents of prime ground floor retail space in Orchard Road slipped by four per cent in 1Q 2013 over the same quarter in the previous year. The dip was because some older malls in Orchard Road have yet to undergo upgrading or any form of refurbishment, as well as increasing competition from sub-urban malls.

Nonetheless, average rents of prime ground floor retail spaces in Orchard Road remained 10.1 per cent higher than those in the Regional Centres.

On a quarter-on-quarter (QoQ) basis, as of the end of September 2013, the average monthly gross rents of prime retail space in Orchard Road stood at S$36.38 per sq ft (US$28.99* per sq ft), while those in the Regional Centres were S$33.46 per sq ft (US$26.67 per sq ft).

Going forward, shopping malls in Orchard Road and the Regional Centres are expected to still maintain tight occupancy rates, as retailers who are looking for expansion and new-to-Singapore brands continue to make inroads into the city to capitalise on its fast growing international profile.

Fifth Avenue in New York remained as the world’s most expensive retail street commanding a whopping high rent of US$3,052 per sq ft per year. Queen’s Road Central and Canton Road in Hong Kong took the second and third positions, fetching rents at US$2,086.73 per sq ft per year and US$1,993.98 per sq ft per year, respectively.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia