The retail vacancy rate remained below 7% for the past three years.
Singapore’s retail market remained broadly stable in the first quarter of 2026, with suburban malls continuing to outperform amid softer leasing demand in the Central Region, according to Savills.
The consultancy reported that islandwide retail vacancy held steady at 6.3% in Q1 2026, remaining below 7% for the past three years. While business closures created pockets of vacancy in secondary and less prominent central locations, suburban malls continued to benefit from stable catchment demand and necessity-driven spending.
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