PropertyGuru

PropertyGuru Pte Ltd owns and operates a real estate property information website. The Company offers facilities to search for condominiums, apartments, Housing and Development Board (HDB) flats, serviced apartments, houses, and commercial properties to rent and buy in Singapore.

Asia's Leading Online Property Group

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Thematic (Sector/Industry)

Singapore Real estate / Thematic (Sector/Industry)

According to the latest data from the government, Singapore currently has over one hundred shopping malls spread across the island. Just along Orchard Road—the country’s world-famous shopping belt—are at least 40 retail malls, with many standing side-by-side along the 2.2 kilometre shopping boulevard.For a country known as one of the hottest shopping destinations in Asia, the number of malls currently operating in the Republic might be an indicator of how the retail property market has performed over the years.However, as always, there is a flip side to everything, a common observation among locals and tourists alike is that there are a lot, if not too many malls in Singapore already.RHB Research reported in September 2015 that the Republic has 1.08 sqm of retail space per capita. That’s one mall for every 53,000 people. It also stated that the city-state has the highest level of retail space per capita among ASEAN countries – significantly above Bangkok which has 0.8 sqm per capita, and nearby Kuala Lumpur with 0.71 sqm per capita.But what does this mean for the local retail market? What are the implications to mall operators, tenants and consumers?

According to the latest data from the government, Singapore currently has over one hundred shopping malls spread across the island. Just along Orchard Road—the country’s world-famous shopping belt—are at least 40 retail malls, with many standing side-by-side along the 2.2 kilometre shopping boulevard.For a country known as one of the hottest shopping destinations in Asia, the number of malls currently operating in the Republic might be an indicator of how the retail property market has performed over the years.However, as always, there is a flip side to everything, a common observation among locals and tourists alike is that there are a lot, if not too many malls in Singapore already.RHB Research reported in September 2015 that the Republic has 1.08 sqm of retail space per capita. That’s one mall for every 53,000 people. It also stated that the city-state has the highest level of retail space per capita among ASEAN countries – significantly above Bangkok which has 0.8 sqm per capita, and nearby Kuala Lumpur with 0.71 sqm per capita.But what does this mean for the local retail market? What are the implications to mall operators, tenants and consumers?

Capitaland Integrated Commercial Trust (CICT SP)

Mapletree Pan Asia Commercial Trust (MCT SP)

Mapletree North Asia Commercial Trust (MAGIC SP)

Ying Li International Real Estate Ltd (YINGLI SP)

Lippo Malls Indonesia Retail Trust (LMRT SP)

Soilbuild Business Space REIT (SBREIT SP)

Pacific Century Regional Developments (PAC SP)

Frasers Logistics & Commercial Trust (FLT SP)

Too Many Malls in Singapore?