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

Submitted By:  Shaina Teope Case Study:  No 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. read more