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Singapore's retail rents edge up 0.6% in Q4 but down 6.8% in 2021
URA's fourth-quarter data also showed that prices of retail space in the central region increased 1.9 per cent in Q4 2021, after remaining flat in Q3. For 2021, prices of retail space fell 4.2 per cent, easing from a decline of 4.5 per cent in 2020.
Meanwhile, office rents edged up 0.9 per cent in the fourth quarter of 2021 over the previous 3 months, reversing from a 3.5 per cent decline in the previous quarter, leading to a net 1.9 per cent increase for the whole of 2021 after slumping 8.5 per cent in 2020.
