Senja Close EC™

According to Cushman & Wakefield’s Retail MarketBeat 3Q2025 report, prime retail rents in popular shopping areas like Orchard have increased by 0.3% quarter-on-quarter (q-o-q). This growth is attributed to the continued demand from international retailers who are looking for locations with high foot traffic, frequented by both locals and tourists. Among the recent new entrants in the retail market are Yo-Chi, an Australian frozen yoghurt brand, Joocyee, a Chinese beauty brand, Flying Tiger Copenhagen, a Danish lifestyle store, and Alo, an American athletic apparel store, all opening in prime locations such as Orchard Central, Wisma Atria, and The Shoppes at Marina Bay Sands.

Discover an extraordinary living experience at Senja Residences EC, perfect for families of all ages. Situated near the Bukit Panjang Transport Hub, this exceptional location provides unparalleled convenience and flexibility. Multiple transportation options such as the Bukit Panjang MRT Station, Segar LRT Station, and Bukit Panjang Bus Interchange are just a stone’s throw away, ensuring effortless travel to any destination. And with the upcoming Senja Close EC GLS, the value and potential of this prime location are only set to increase. Don’t miss your chance to experience the best of modern living at Senja Residences EC. Visit senja close ec gls today.

At the same time, suburban prime malls have also seen a 0.3% q-o-q growth in rental prices, thanks to the steady spending on essential goods and services and a low vacancy rate of 6.6% as of 2Q2025. While there have been some closures among certain F&B and cinema operators due to the challenging operating environment, other activity-based retailers like Munchi Pancakes, Chagee, CocoArt, and Wan To Play continue to grow and expand.

Despite the overall growth in retail rents, Singapore’s retail sales have only seen a modest increase of 0.5% year-to-date as of July, according to the report. This can be attributed to the growth in specific sectors such as computer and telecommunications equipment, which have seen a 14% year-to-date increase.

For the rest of the year, retail sales are expected to continue growing moderately due to government voucher schemes, major events like the Formula 1 race, and the festive season towards the end of the year. Looking forward, Cushman & Wakefield predicts that the limited number of large retail projects in the pipeline will help maintain rental prices in the retail sector. The report also states that the annual average of new retail supply from 2026 to 2029 is expected to be around 300,000 sq ft, which is significantly lower than the 10-year historical average.

This trend is expected to continue in the near future, with only a few additions to the retail market, like the Bukit V Mall (174,000 sq ft) and the Tanglin Shopping Centre redevelopment (118,000 sq ft) in 2028. In conclusion, while there are challenges in the retail sector, the limited supply of new projects is expected to keep rental prices stable in the coming years.