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Commercial and industrial

Shops: central versus fringe, vacancies, rentals and supply

How have shop and retail prices, rents, vacancy and supply moved?

Looks at shops, using the old URA shop series (to 2013 Q1) and the wider retail series (from 2011 Q1) and marking where they join. Central retail prices fell 42.8% from 2013 to 2023 while Fringe prices held up. Rents and vacancy tell a similar story, and a large build-out of space came first.

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FreeKey figures

From 2011 Q1 to 2026 Q2 Central retail prices fell 28% while Fringe prices rose 5%

URA via SingStat, 2011 Q1 to 2026 Q2. Vacancy is for private-sector space.

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From 2011 Q1 to 2026 Q2 Central retail prices fell 28% while Fringe prices rose 5%URA via SingStat, 2011 Q1 to 2026 Q2. Vacancy is for private-sector space.Central retail prices: -28.2%. 2011 Q1 to 2026 Q2Central retail pricesCentral retail prices: -28.2%. 2011 Q1 to 2026 Q2-28.2%2011 Q1 to 2026 Q2Fringe retail prices: +5.0%. 2011 Q1 to 2026 Q2Fringe retail pricesFringe retail prices: +5.0%. 2011 Q1 to 2026 Q2+5.0%2011 Q1 to 2026 Q2Central retail fall: -42.8%. 2013 Q3 to 2023 Q2Central retail fallCentral retail fall: -42.8%. 2013 Q3 to 2023 Q2-42.8%2013 Q3 to 2023 Q2Peak retail vacancy: 11.1%. 2020 Q2; average 7.8%Peak retail vacancyPeak retail vacancy: 11.1%. 2020 Q2; average 7.8%11.1%2020 Q2; average 7.8%

Source: URA via SingStat. Price changes and the central fall are the PropInsights calculation from quarterly data. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

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From 2011 Q1 to 2026 Q2 Central retail prices fell 28% while Fringe prices rose 5%
MeasureValueNote
Central retail prices-28.2%2011 Q1 to 2026 Q2
Fringe retail prices+5.0%2011 Q1 to 2026 Q2
Central retail fall-42.8%2013 Q3 to 2023 Q2
Peak retail vacancy11.1%2020 Q2; average 7.8%

FreeMap

Shop prices follow 11 Central Area and 11 Fringe planning areas

URA Central Area (Orchard and 10 others) and Fringe Area on the 55 Master Plan 2019 planning areas. Orchard is the shop core.

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Shop prices follow 11 Central Area and 11 Fringe planning areasURA Central Area (Orchard and 10 others) and Fringe Area on the 55 Master Plan 2019 planning areas. Orchard is the shop core.Ang Mo Kio (North-East Region)Bedok (East Region)Bishan (Central Region): Fringe AreaBoon Lay (West Region)Bukit Batok (West Region)Bukit Merah (Central Region): Fringe AreaBukit Panjang (West Region)Bukit Timah (Central Region): Fringe AreaCentral Water Catchment (North Region)Changi (East Region)Changi Bay (East Region)Choa Chu Kang (West Region)Clementi (West Region)Downtown Core (Central Region): Rest of Central AreaGeylang (Central Region): Fringe AreaHougang (North-East Region)Jurong East (West Region)Jurong West (West Region)Kallang (Central Region): Fringe AreaLim Chu Kang (North Region)Mandai (North Region)Marina East (Central Region): Rest of Central AreaMarina South (Central Region): Rest of Central AreaMarine Parade (Central Region): Fringe AreaMuseum (Central Region): Rest of Central AreaNewton (Central Region): Rest of Central AreaNorth-Eastern Islands (North-East Region)Novena (Central Region): Fringe AreaOrchard (Central Region): Orchard Planning AreaOutram (Central Region): Rest of Central AreaPasir Ris (East Region)Paya Lebar (East Region)Pioneer (West Region)Punggol (North-East Region)Queenstown (Central Region): Fringe AreaRiver Valley (Central Region): Rest of Central AreaRochor (Central Region): Rest of Central AreaSeletar (North-East Region)Sembawang (North Region)Sengkang (North-East Region)Serangoon (North-East Region)Simpang (North Region)Singapore River (Central Region): Rest of Central AreaSouthern Islands (Central Region): Fringe AreaStraits View (Central Region): Rest of Central AreaSungei Kadut (North Region)Tampines (East Region)Tanglin (Central Region): Fringe AreaTengah (West Region)Toa Payoh (Central Region): Fringe AreaTuas (West Region)Western Islands (West Region)Western Water Catchment (West Region)Woodlands (North Region)Yishun (North Region)OrchardDowntown CoreBukit TimahQueenstownGeylangOrchard Planning AreaRest of Central AreaFringe AreaRest of Singapore

Source: URA Master Plan 2019 planning areas (data.gov.sg). Areas are coloured by official definition, not by data..

View the data as a table
Shop prices follow 11 Central Area and 11 Fringe planning areas
Planning areaRegionCategory
OrchardCentral RegionOrchard Planning Area
River ValleyCentral RegionRest of Central Area
RochorCentral RegionRest of Central Area
Singapore RiverCentral RegionRest of Central Area
Straits ViewCentral RegionRest of Central Area
Downtown CoreCentral RegionRest of Central Area
Marina EastCentral RegionRest of Central Area
Marina SouthCentral RegionRest of Central Area
MuseumCentral RegionRest of Central Area
NewtonCentral RegionRest of Central Area
OutramCentral RegionRest of Central Area
Bukit MerahCentral RegionFringe Area
Bukit TimahCentral RegionFringe Area
QueenstownCentral RegionFringe Area
KallangCentral RegionFringe Area
NovenaCentral RegionFringe Area
Southern IslandsCentral RegionFringe Area
Toa PayohCentral RegionFringe Area
Marine ParadeCentral RegionFringe Area
TanglinCentral RegionFringe Area
BishanCentral RegionFringe Area
GeylangCentral RegionFringe Area

FreeLine chart

Central prices are 44% below their 1996 shop peak. Fringe prices are 16% below

Price index, 1998 Q4 = 100. Shop series to 2010 Q4, wider retail series from 2011 Q1 (up to 1.8 points apart).

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Central prices are 44% below their 1996 shop peak. Fringe prices are 16% belowSince 2011 the Central index peaked at 123.8 in 2013 Q2 and fell 42.8% to 70.8 in 2023 Q2. The shop and retail series differ by at most 1.8 index points where they overlap.6090120150180199219962000200420082012201620202024Series change: 2011 Q1Series change: 2011 Q1Series changeCentral: 1990-Q1 to 2026-Q2Fringe: 1990-Q1 to 2026-Q2Central, 2026 Q2: 80CentralFringe, 2026 Q2: 133Fringe1990-Q1: Central 127, Fringe 891990-Q2: Central 124, Fringe 941990-Q3: Central 121, Fringe 1041990-Q4: Central 118, Fringe 891991-Q1: Central 127, Fringe 1011991-Q2: Central 125, Fringe 1111991-Q3: Central 114, Fringe 1011991-Q4: Central 127, Fringe 941992-Q1: Central 139, Fringe 761992-Q2: Central 120, Fringe 881992-Q3: Central 97, Fringe 911992-Q4: Central 97, Fringe 941993-Q1: Central 102, Fringe 971993-Q2: Central 102, Fringe 961993-Q3: Central 107, Fringe 981993-Q4: Central 110, Fringe 1031994-Q1: Central 114, Fringe 1101994-Q2: Central 115, Fringe 1151994-Q3: Central 124, Fringe 1211994-Q4: Central 131, Fringe 1271995-Q1: Central 135, Fringe 1391995-Q2: Central 136, Fringe 1501995-Q3: Central 136, Fringe 1491995-Q4: Central 138, Fringe 1501996-Q1: Central 139, Fringe 1551996-Q2: Central 140, Fringe 1581996-Q3: Central 143, Fringe 1561996-Q4: Central 140, Fringe 1531997-Q1: Central 141, Fringe 1361997-Q2: Central 143, Fringe 1201997-Q3: Central 142, Fringe 1221997-Q4: Central 136, Fringe 1121998-Q1: Central 130, Fringe 1101998-Q2: Central 125, Fringe 1091998-Q3: Central 106, Fringe 1071998-Q4: Central 100, Fringe 1001999-Q1: Central 93, Fringe 951999-Q2: Central 90, Fringe 951999-Q3: Central 84, Fringe 931999-Q4: Central 86, Fringe 962000-Q1: Central 87, Fringe 1002000-Q2: Central 95, Fringe 1042000-Q3: Central 99, Fringe 1092000-Q4: Central 102, Fringe 1092001-Q1: Central 100, Fringe 1142001-Q2: Central 96, Fringe 1152001-Q3: Central 93, Fringe 1102001-Q4: Central 90, Fringe 1022002-Q1: Central 89, Fringe 1012002-Q2: Central 89, Fringe 992002-Q3: Central 88, Fringe 992002-Q4: Central 88, Fringe 982003-Q1: Central 86, Fringe 952003-Q2: Central 86, Fringe 942003-Q3: Central 84, Fringe 932003-Q4: Central 84, Fringe 922004-Q1: Central 82, Fringe 932004-Q2: Central 82, Fringe 932004-Q3: Central 84, Fringe 932004-Q4: Central 84, Fringe 942005-Q1: Central 85, Fringe 942005-Q2: Central 86, Fringe 942005-Q3: Central 88, Fringe 962005-Q4: Central 91, Fringe 972006-Q1: Central 93, Fringe 972006-Q2: Central 94, Fringe 992006-Q3: Central 97, Fringe 1002006-Q4: Central 101, Fringe 1032007-Q1: Central 103, Fringe 1032007-Q2: Central 108, Fringe 1062007-Q3: Central 111, Fringe 1102007-Q4: Central 115, Fringe 1142008-Q1: Central 118, Fringe 1162008-Q2: Central 119, Fringe 1172008-Q3: Central 118, Fringe 1182008-Q4: Central 112, Fringe 1142009-Q1: Central 107, Fringe 1092009-Q2: Central 106, Fringe 1072009-Q3: Central 105, Fringe 1062009-Q4: Central 105, Fringe 1072010-Q1: Central 107, Fringe 1082010-Q2: Central 110, Fringe 1152010-Q3: Central 111, Fringe 1172010-Q4: Central 112, Fringe 1222011-Q1: Central 112, Fringe 1272011-Q2: Central 112, Fringe 1282011-Q3: Central 117, Fringe 1282011-Q4: Central 118, Fringe 1282012-Q1: Central 119, Fringe 1282012-Q2: Central 118, Fringe 1312012-Q3: Central 118, Fringe 1332012-Q4: Central 120, Fringe 1312013-Q1: Central 122, Fringe 1312013-Q2: Central 124, Fringe 1342013-Q3: Central 124, Fringe 1352013-Q4: Central 123, Fringe 1352014-Q1: Central 123, Fringe 1362014-Q2: Central 120, Fringe 1372014-Q3: Central 122, Fringe 1352014-Q4: Central 123, Fringe 1372015-Q1: Central 124, Fringe 1372015-Q2: Central 121, Fringe 1362015-Q3: Central 123, Fringe 1362015-Q4: Central 122, Fringe 1352016-Q1: Central 121, Fringe 1322016-Q2: Central 118, Fringe 1262016-Q3: Central 115, Fringe 1272016-Q4: Central 112, Fringe 1302017-Q1: Central 104, Fringe 1292017-Q2: Central 102, Fringe 1242017-Q3: Central 101, Fringe 1242017-Q4: Central 100, Fringe 1232018-Q1: Central 100, Fringe 1262018-Q2: Central 99, Fringe 1232018-Q3: Central 100, Fringe 1242018-Q4: Central 102, Fringe 1222019-Q1: Central 102, Fringe 1172019-Q2: Central 96, Fringe 1232019-Q3: Central 96, Fringe 1322019-Q4: Central 100, Fringe 1262020-Q1: Central 94, Fringe 1222020-Q2: Central 94, Fringe 1172020-Q3: Central 92, Fringe 1242020-Q4: Central 89, Fringe 1212021-Q1: Central 84, Fringe 1232021-Q2: Central 83, Fringe 1162021-Q3: Central 82, Fringe 1212021-Q4: Central 83, Fringe 1282022-Q1: Central 82, Fringe 1262022-Q2: Central 82, Fringe 1242022-Q3: Central 78, Fringe 1242022-Q4: Central 73, Fringe 1292023-Q1: Central 72, Fringe 1332023-Q2: Central 71, Fringe 1352023-Q3: Central 72, Fringe 1352023-Q4: Central 72, Fringe 1402024-Q1: Central 74, Fringe 1432024-Q2: Central 72, Fringe 1432024-Q3: Central 74, Fringe 1422024-Q4: Central 74, Fringe 1382025-Q1: Central 77, Fringe 1342025-Q2: Central 77, Fringe 1302025-Q3: Central 78, Fringe 1272025-Q4: Central 78, Fringe 1312026-Q1: Central 79, Fringe 1342026-Q2: Central 80, Fringe 133

Since 2011 the Central index peaked at 123.8 in 2013 Q2 and fell 42.8% to 70.8 in 2023 Q2. The shop and retail series differ by at most 1.8 index points where they overlap.

Source: URA via SingStat. Shop space (old series, 1990 Q1 to 2010 Q4) joined to retail space (current series, 2011 Q1 to 2026 Q2), Central Area and Fringe Area. The two series overlap in 2011 to 2013 and differ by up to 1.8 points.. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence); amber class.

View the data as a table
Central prices are 44% below their 1996 shop peak. Fringe prices are 16% below
PeriodCentralFringe
1990-Q112789
1990-Q212494
1990-Q3121104
1990-Q411889
1991-Q1127101
1991-Q2125111
1991-Q3114101
1991-Q412794
1992-Q113976
1992-Q212088
1992-Q39791
1992-Q49794
1993-Q110297
1993-Q210296
1993-Q310798
1993-Q4110103
1994-Q1114110
1994-Q2115115
1994-Q3124121
1994-Q4131127
1995-Q1135139
1995-Q2136150
1995-Q3136149
1995-Q4138150
1996-Q1139155
1996-Q2140158
1996-Q3143156
1996-Q4140153
1997-Q1141136
1997-Q2143120
1997-Q3142122
1997-Q4136112
1998-Q1130110
1998-Q2125109
1998-Q3106107
1998-Q4100100
1999-Q19395
1999-Q29095
1999-Q38493
1999-Q48696
2000-Q187100
2000-Q295104
2000-Q399109
2000-Q4102109
2001-Q1100114
2001-Q296115
2001-Q393110
2001-Q490102
2002-Q189101
2002-Q28999
2002-Q38899
2002-Q48898
2003-Q18695
2003-Q28694
2003-Q38493
2003-Q48492
2004-Q18293
2004-Q28293
2004-Q38493
2004-Q48494
2005-Q18594
2005-Q28694
2005-Q38896
2005-Q49197
2006-Q19397
2006-Q29499
2006-Q397100
2006-Q4101103
2007-Q1103103
2007-Q2108106
2007-Q3111110
2007-Q4115114
2008-Q1118116
2008-Q2119117
2008-Q3118118
2008-Q4112114
2009-Q1107109
2009-Q2106107
2009-Q3105106
2009-Q4105107
2010-Q1107108
2010-Q2110115
2010-Q3111117
2010-Q4112122
2011-Q1112127
2011-Q2112128
2011-Q3117128
2011-Q4118128
2012-Q1119128
2012-Q2118131
2012-Q3118133
2012-Q4120131
2013-Q1122131
2013-Q2124134
2013-Q3124135
2013-Q4123135
2014-Q1123136
2014-Q2120137
2014-Q3122135
2014-Q4123137
2015-Q1124137
2015-Q2121136
2015-Q3123136
2015-Q4122135
2016-Q1121132
2016-Q2118126
2016-Q3115127
2016-Q4112130
2017-Q1104129
2017-Q2102124
2017-Q3101124
2017-Q4100123
2018-Q1100126
2018-Q299123
2018-Q3100124
2018-Q4102122
2019-Q1102117
2019-Q296123
2019-Q396132
2019-Q4100126
2020-Q194122
2020-Q294117
2020-Q392124
2020-Q489121
2021-Q184123
2021-Q283116
2021-Q382121
2021-Q483128
2022-Q182126
2022-Q282124
2022-Q378124
2022-Q473129
2023-Q172133
2023-Q271135
2023-Q372135
2023-Q472140
2024-Q174143
2024-Q272143
2024-Q374142
2024-Q474138
2025-Q177134
2025-Q277130
2025-Q378127
2025-Q478131
2026-Q179134
2026-Q280133

FreeLine chart

Since 2011 central retail prices fell 28% and rents fell 30%. Fringe prices rose 5%

Retail index, 2011 Q1 = 100 (rebased). Central Area and Fringe Area price, and rent index of retail space in the Central Region. URA via SingStat.

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Since 2011 central retail prices fell 28% and rents fell 30%. Fringe prices rose 5%Retail index, 2011 Q1 = 100 (rebased). Central Area and Fringe Area price, and rent index of retail space in the Central Region. URA via SingStat.6070809010011012020122014201620182020202220242026Central price: 2011-Q1 to 2026-Q2Fringe price: 2011-Q1 to 2026-Q2Retail rent: 2011-Q1 to 2026-Q2Central price, 2026 Q2: 72Central priceFringe price, 2026 Q2: 105Fringe priceRetail rent, 2026 Q2: 70Retail rent2011-Q1: Central price 100, Fringe price 100, Retail rent 1002011-Q2: Central price 100, Fringe price 101, Retail rent 1012011-Q3: Central price 105, Fringe price 101, Retail rent 1022011-Q4: Central price 106, Fringe price 101, Retail rent 1032012-Q1: Central price 106, Fringe price 101, Retail rent 1032012-Q2: Central price 105, Fringe price 103, Retail rent 1022012-Q3: Central price 105, Fringe price 105, Retail rent 1022012-Q4: Central price 107, Fringe price 103, Retail rent 1022013-Q1: Central price 109, Fringe price 103, Retail rent 1012013-Q2: Central price 111, Fringe price 106, Retail rent 1002013-Q3: Central price 111, Fringe price 106, Retail rent 1012013-Q4: Central price 110, Fringe price 106, Retail rent 1012014-Q1: Central price 110, Fringe price 107, Retail rent 1012014-Q2: Central price 108, Fringe price 108, Retail rent 1022014-Q3: Central price 109, Fringe price 106, Retail rent 1022014-Q4: Central price 110, Fringe price 108, Retail rent 1022015-Q1: Central price 111, Fringe price 108, Retail rent 1022015-Q2: Central price 108, Fringe price 108, Retail rent 1012015-Q3: Central price 109, Fringe price 107, Retail rent 992015-Q4: Central price 109, Fringe price 106, Retail rent 982016-Q1: Central price 108, Fringe price 104, Retail rent 962016-Q2: Central price 106, Fringe price 100, Retail rent 922016-Q3: Central price 103, Fringe price 100, Retail rent 912016-Q4: Central price 100, Fringe price 103, Retail rent 902017-Q1: Central price 93, Fringe price 102, Retail rent 872017-Q2: Central price 91, Fringe price 98, Retail rent 862017-Q3: Central price 90, Fringe price 97, Retail rent 862017-Q4: Central price 89, Fringe price 97, Retail rent 862018-Q1: Central price 89, Fringe price 99, Retail rent 862018-Q2: Central price 89, Fringe price 97, Retail rent 852018-Q3: Central price 89, Fringe price 97, Retail rent 842018-Q4: Central price 91, Fringe price 96, Retail rent 852019-Q1: Central price 91, Fringe price 92, Retail rent 852019-Q2: Central price 86, Fringe price 97, Retail rent 832019-Q3: Central price 86, Fringe price 104, Retail rent 852019-Q4: Central price 89, Fringe price 100, Retail rent 872020-Q1: Central price 84, Fringe price 97, Retail rent 852020-Q2: Central price 84, Fringe price 92, Retail rent 822020-Q3: Central price 82, Fringe price 97, Retail rent 792020-Q4: Central price 80, Fringe price 96, Retail rent 752021-Q1: Central price 75, Fringe price 97, Retail rent 712021-Q2: Central price 74, Fringe price 91, Retail rent 712021-Q3: Central price 73, Fringe price 96, Retail rent 692021-Q4: Central price 74, Fringe price 101, Retail rent 692022-Q1: Central price 73, Fringe price 99, Retail rent 692022-Q2: Central price 73, Fringe price 98, Retail rent 692022-Q3: Central price 70, Fringe price 98, Retail rent 692022-Q4: Central price 66, Fringe price 102, Retail rent 682023-Q1: Central price 64, Fringe price 105, Retail rent 682023-Q2: Central price 63, Fringe price 107, Retail rent 682023-Q3: Central price 64, Fringe price 106, Retail rent 682023-Q4: Central price 65, Fringe price 110, Retail rent 682024-Q1: Central price 66, Fringe price 112, Retail rent 682024-Q2: Central price 65, Fringe price 112, Retail rent 682024-Q3: Central price 66, Fringe price 112, Retail rent 682024-Q4: Central price 66, Fringe price 109, Retail rent 682025-Q1: Central price 69, Fringe price 105, Retail rent 682025-Q2: Central price 69, Fringe price 103, Retail rent 692025-Q3: Central price 69, Fringe price 100, Retail rent 692025-Q4: Central price 70, Fringe price 103, Retail rent 702026-Q1: Central price 71, Fringe price 105, Retail rent 692026-Q2: Central price 72, Fringe price 105, Retail rent 70

Source: URA via SingStat. Retail price indices (M210641) and retail rent index, rebased to 2011 Q1 = 100. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
Since 2011 central retail prices fell 28% and rents fell 30%. Fringe prices rose 5%
PeriodCentral priceFringe priceRetail rent
2011-Q1100100100
2011-Q2100101101
2011-Q3105101102
2011-Q4106101103
2012-Q1106101103
2012-Q2105103102
2012-Q3105105102
2012-Q4107103102
2013-Q1109103101
2013-Q2111106100
2013-Q3111106101
2013-Q4110106101
2014-Q1110107101
2014-Q2108108102
2014-Q3109106102
2014-Q4110108102
2015-Q1111108102
2015-Q2108108101
2015-Q310910799
2015-Q410910698
2016-Q110810496
2016-Q210610092
2016-Q310310091
2016-Q410010390
2017-Q19310287
2017-Q2919886
2017-Q3909786
2017-Q4899786
2018-Q1899986
2018-Q2899785
2018-Q3899784
2018-Q4919685
2019-Q1919285
2019-Q2869783
2019-Q38610485
2019-Q48910087
2020-Q1849785
2020-Q2849282
2020-Q3829779
2020-Q4809675
2021-Q1759771
2021-Q2749171
2021-Q3739669
2021-Q47410169
2022-Q1739969
2022-Q2739869
2022-Q3709869
2022-Q46610268
2023-Q16410568
2023-Q26310768
2023-Q36410668
2023-Q46511068
2024-Q16611268
2024-Q26511268
2024-Q36611268
2024-Q46610968
2025-Q16910568
2025-Q26910369
2025-Q36910069
2025-Q47010370
2026-Q17110569
2026-Q27210570

FreeLine chart

Retail vacancy rose to 11.1% in 2020 and is back to 7.0%

Vacancy rate of private shop space (old series, to 2013 Q1) and retail space (current, from 2011 Q1), per cent. URA and JTC via SingStat.

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Retail vacancy rose to 11.1% in 2020 and is back to 7.0%Retail vacancy hit 5.0% in 2013 Q4, the lowest in the retail series. It rose to 11.1% in 2020 Q2 and fell to 6.0% by 2024 Q4. The average since 2011 is 7.8%.0.0%4.0%8.0%12.0%16.0%1988199219962000200420082012201620202024Shops (old): 1988-Q1 to 2013-Q1Retail: 2011-Q1 to 2026-Q2Shops (old), 2013 Q1: 6.9%Shops (old)Retail, 2026 Q2: 7.0%Retail1988-Q1: Shops (old) 14.5%, Retail no data1988-Q2: Shops (old) 14.2%, Retail no data1988-Q3: Shops (old) 13.2%, Retail no data1988-Q4: Shops (old) 10.9%, Retail no data1989-Q1: Shops (old) 10.7%, Retail no data1989-Q2: Shops (old) 10.4%, Retail no data1989-Q3: Shops (old) 10.2%, Retail no data1989-Q4: Shops (old) 10.7%, Retail no data1990-Q1: Shops (old) 11.0%, Retail no data1990-Q2: Shops (old) 11.6%, Retail no data1990-Q3: Shops (old) 9.9%, Retail no data1990-Q4: Shops (old) 9.4%, Retail no data1991-Q1: Shops (old) 9.4%, Retail no data1991-Q2: Shops (old) 10.9%, Retail no data1991-Q3: Shops (old) 10.7%, Retail no data1991-Q4: Shops (old) 9.9%, Retail no data1992-Q1: Shops (old) 8.9%, Retail no data1992-Q2: Shops (old) 7.6%, Retail no data1992-Q3: Shops (old) 7.0%, Retail no data1992-Q4: Shops (old) 8.5%, Retail no data1993-Q1: Shops (old) 8.0%, Retail no data1993-Q2: Shops (old) 13.1%, Retail no data1993-Q3: Shops (old) 9.7%, Retail no data1993-Q4: Shops (old) 10.4%, Retail no data1994-Q1: Shops (old) 10.8%, Retail no data1994-Q2: Shops (old) 9.9%, Retail no data1994-Q3: Shops (old) 9.3%, Retail no data1994-Q4: Shops (old) 10.3%, Retail no data1995-Q1: Shops (old) 11.5%, Retail no data1995-Q2: Shops (old) 9.8%, Retail no data1995-Q3: Shops (old) 10.1%, Retail no data1995-Q4: Shops (old) 9.6%, Retail no data1996-Q1: Shops (old) 10.7%, Retail no data1996-Q2: Shops (old) 10.6%, Retail no data1996-Q3: Shops (old) 13.0%, Retail no data1996-Q4: Shops (old) 10.7%, Retail no data1997-Q1: Shops (old) 12.0%, Retail no data1997-Q2: Shops (old) 10.8%, Retail no data1997-Q3: Shops (old) 11.2%, Retail no data1997-Q4: Shops (old) 9.7%, Retail no data1998-Q1: Shops (old) 10.2%, Retail no data1998-Q2: Shops (old) 10.6%, Retail no data1998-Q3: Shops (old) 11.1%, Retail no data1998-Q4: Shops (old) 10.4%, Retail no data1999-Q1: Shops (old) 11.1%, Retail no data1999-Q2: Shops (old) 10.8%, Retail no data1999-Q3: Shops (old) 10.3%, Retail no data1999-Q4: Shops (old) 9.1%, Retail no data2000-Q1: Shops (old) 9.7%, Retail no data2000-Q2: Shops (old) 10.2%, Retail no data2000-Q3: Shops (old) 9.0%, Retail no data2000-Q4: Shops (old) 8.0%, Retail no data2001-Q1: Shops (old) 7.7%, Retail no data2001-Q2: Shops (old) 7.9%, Retail no data2001-Q3: Shops (old) 8.1%, Retail no data2001-Q4: Shops (old) 8.8%, Retail no data2002-Q1: Shops (old) 9.8%, Retail no data2002-Q2: Shops (old) 10.7%, Retail no data2002-Q3: Shops (old) 9.4%, Retail no data2002-Q4: Shops (old) 9.9%, Retail no data2003-Q1: Shops (old) 11.4%, Retail no data2003-Q2: Shops (old) 11.1%, Retail no data2003-Q3: Shops (old) 10.5%, Retail no data2003-Q4: Shops (old) 10.8%, Retail no data2004-Q1: Shops (old) 11.2%, Retail no data2004-Q2: Shops (old) 10.4%, Retail no data2004-Q3: Shops (old) 10.9%, Retail no data2004-Q4: Shops (old) 9.3%, Retail no data2005-Q1: Shops (old) 10.7%, Retail no data2005-Q2: Shops (old) 9.7%, Retail no data2005-Q3: Shops (old) 9.2%, Retail no data2005-Q4: Shops (old) 7.8%, Retail no data2006-Q1: Shops (old) 8.1%, Retail no data2006-Q2: Shops (old) 7.8%, Retail no data2006-Q3: Shops (old) 11.3%, Retail no data2006-Q4: Shops (old) 7.7%, Retail no data2007-Q1: Shops (old) 7.5%, Retail no data2007-Q2: Shops (old) 6.7%, Retail no data2007-Q3: Shops (old) 7.3%, Retail no data2007-Q4: Shops (old) 7.2%, Retail no data2008-Q1: Shops (old) 6.5%, Retail no data2008-Q2: Shops (old) 6.4%, Retail no data2008-Q3: Shops (old) 6.7%, Retail no data2008-Q4: Shops (old) 6.7%, Retail no data2009-Q1: Shops (old) 7.4%, Retail no data2009-Q2: Shops (old) 9.0%, Retail no data2009-Q3: Shops (old) 6.9%, Retail no data2009-Q4: Shops (old) 6.7%, Retail no data2010-Q1: Shops (old) 6.8%, Retail no data2010-Q2: Shops (old) 7.2%, Retail no data2010-Q3: Shops (old) 7.4%, Retail no data2010-Q4: Shops (old) 6.1%, Retail no data2011-Q1: Shops (old) 7.2%, Retail 6.5%2011-Q2: Shops (old) 6.9%, Retail 6.2%2011-Q3: Shops (old) 7.7%, Retail 6.9%2011-Q4: Shops (old) 6.3%, Retail 5.7%2012-Q1: Shops (old) 7.0%, Retail 6.8%2012-Q2: Shops (old) 6.0%, Retail 5.9%2012-Q3: Shops (old) 7.6%, Retail 6.9%2012-Q4: Shops (old) 6.4%, Retail 5.9%2013-Q1: Shops (old) 6.9%, Retail 6.1%2013-Q2: Shops (old) no data, Retail 6.3%2013-Q3: Shops (old) no data, Retail 6.1%2013-Q4: Shops (old) no data, Retail 5.0%2014-Q1: Shops (old) no data, Retail 6.2%2014-Q2: Shops (old) no data, Retail 6.6%2014-Q3: Shops (old) no data, Retail 7.4%2014-Q4: Shops (old) no data, Retail 6.5%2015-Q1: Shops (old) no data, Retail 7.8%2015-Q2: Shops (old) no data, Retail 8.2%2015-Q3: Shops (old) no data, Retail 7.9%2015-Q4: Shops (old) no data, Retail 8.1%2016-Q1: Shops (old) no data, Retail 8.3%2016-Q2: Shops (old) no data, Retail 8.9%2016-Q3: Shops (old) no data, Retail 9.4%2016-Q4: Shops (old) no data, Retail 8.5%2017-Q1: Shops (old) no data, Retail 8.8%2017-Q2: Shops (old) no data, Retail 9.1%2017-Q3: Shops (old) no data, Retail 9.0%2017-Q4: Shops (old) no data, Retail 8.1%2018-Q1: Shops (old) no data, Retail 8.1%2018-Q2: Shops (old) no data, Retail 8.1%2018-Q3: Shops (old) no data, Retail 8.5%2018-Q4: Shops (old) no data, Retail 9.6%2019-Q1: Shops (old) no data, Retail 9.9%2019-Q2: Shops (old) no data, Retail 8.8%2019-Q3: Shops (old) no data, Retail 8.7%2019-Q4: Shops (old) no data, Retail 8.6%2020-Q1: Shops (old) no data, Retail 9.2%2020-Q2: Shops (old) no data, Retail 11.1%2020-Q3: Shops (old) no data, Retail 11.0%2020-Q4: Shops (old) no data, Retail 9.9%2021-Q1: Shops (old) no data, Retail 9.7%2021-Q2: Shops (old) no data, Retail 9.5%2021-Q3: Shops (old) no data, Retail 8.9%2021-Q4: Shops (old) no data, Retail 9.1%2022-Q1: Shops (old) no data, Retail 9.5%2022-Q2: Shops (old) no data, Retail 9.4%2022-Q3: Shops (old) no data, Retail 8.7%2022-Q4: Shops (old) no data, Retail 7.8%2023-Q1: Shops (old) no data, Retail 8.5%2023-Q2: Shops (old) no data, Retail 8.3%2023-Q3: Shops (old) no data, Retail 8.0%2023-Q4: Shops (old) no data, Retail 6.7%2024-Q1: Shops (old) no data, Retail 6.6%2024-Q2: Shops (old) no data, Retail 6.6%2024-Q3: Shops (old) no data, Retail 6.4%2024-Q4: Shops (old) no data, Retail 6.0%2025-Q1: Shops (old) no data, Retail 6.6%2025-Q2: Shops (old) no data, Retail 7.0%2025-Q3: Shops (old) no data, Retail 7.2%2025-Q4: Shops (old) no data, Retail 6.4%2026-Q1: Shops (old) no data, Retail 6.4%2026-Q2: Shops (old) no data, Retail 7.0%

Retail vacancy hit 5.0% in 2013 Q4, the lowest in the retail series. It rose to 11.1% in 2020 Q2 and fell to 6.0% by 2024 Q4. The average since 2011 is 7.8%.

Source: URA and JTC via SingStat. Private shop space (old series, 1988 Q1 to 2013 Q1) and retail space (current, 2011 Q1 to 2026 Q2), vacant divided by available. The two series overlap from 2011 Q1 to 2013 Q1.. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence); amber class.

View the data as a table
Retail vacancy rose to 11.1% in 2020 and is back to 7.0%
PeriodShops (old)Retail
1988-Q114.5%
1988-Q214.2%
1988-Q313.2%
1988-Q410.9%
1989-Q110.7%
1989-Q210.4%
1989-Q310.2%
1989-Q410.7%
1990-Q111.0%
1990-Q211.6%
1990-Q39.9%
1990-Q49.4%
1991-Q19.4%
1991-Q210.9%
1991-Q310.7%
1991-Q49.9%
1992-Q18.9%
1992-Q27.6%
1992-Q37.0%
1992-Q48.5%
1993-Q18.0%
1993-Q213.1%
1993-Q39.7%
1993-Q410.4%
1994-Q110.8%
1994-Q29.9%
1994-Q39.3%
1994-Q410.3%
1995-Q111.5%
1995-Q29.8%
1995-Q310.1%
1995-Q49.6%
1996-Q110.7%
1996-Q210.6%
1996-Q313.0%
1996-Q410.7%
1997-Q112.0%
1997-Q210.8%
1997-Q311.2%
1997-Q49.7%
1998-Q110.2%
1998-Q210.6%
1998-Q311.1%
1998-Q410.4%
1999-Q111.1%
1999-Q210.8%
1999-Q310.3%
1999-Q49.1%
2000-Q19.7%
2000-Q210.2%
2000-Q39.0%
2000-Q48.0%
2001-Q17.7%
2001-Q27.9%
2001-Q38.1%
2001-Q48.8%
2002-Q19.8%
2002-Q210.7%
2002-Q39.4%
2002-Q49.9%
2003-Q111.4%
2003-Q211.1%
2003-Q310.5%
2003-Q410.8%
2004-Q111.2%
2004-Q210.4%
2004-Q310.9%
2004-Q49.3%
2005-Q110.7%
2005-Q29.7%
2005-Q39.2%
2005-Q47.8%
2006-Q18.1%
2006-Q27.8%
2006-Q311.3%
2006-Q47.7%
2007-Q17.5%
2007-Q26.7%
2007-Q37.3%
2007-Q47.2%
2008-Q16.5%
2008-Q26.4%
2008-Q36.7%
2008-Q46.7%
2009-Q17.4%
2009-Q29.0%
2009-Q36.9%
2009-Q46.7%
2010-Q16.8%
2010-Q27.2%
2010-Q37.4%
2010-Q46.1%
2011-Q17.2%6.5%
2011-Q26.9%6.2%
2011-Q37.7%6.9%
2011-Q46.3%5.7%
2012-Q17.0%6.8%
2012-Q26.0%5.9%
2012-Q37.6%6.9%
2012-Q46.4%5.9%
2013-Q16.9%6.1%
2013-Q26.3%
2013-Q36.1%
2013-Q45.0%
2014-Q16.2%
2014-Q26.6%
2014-Q37.4%
2014-Q46.5%
2015-Q17.8%
2015-Q28.2%
2015-Q37.9%
2015-Q48.1%
2016-Q18.3%
2016-Q28.9%
2016-Q39.4%
2016-Q48.5%
2017-Q18.8%
2017-Q29.1%
2017-Q39.0%
2017-Q48.1%
2018-Q18.1%
2018-Q28.1%
2018-Q38.5%
2018-Q49.6%
2019-Q19.9%
2019-Q28.8%
2019-Q38.7%
2019-Q48.6%
2020-Q19.2%
2020-Q211.1%
2020-Q311.0%
2020-Q49.9%
2021-Q19.7%
2021-Q29.5%
2021-Q38.9%
2021-Q49.1%
2022-Q19.5%
2022-Q29.4%
2022-Q38.7%
2022-Q47.8%
2023-Q18.5%
2023-Q28.3%
2023-Q38.0%
2023-Q46.7%
2024-Q16.6%
2024-Q26.6%
2024-Q36.4%
2024-Q46.0%
2025-Q16.6%
2025-Q27.0%
2025-Q37.2%
2025-Q46.4%
2026-Q16.4%
2026-Q27.0%

FreeStacked columns

The retail pipeline is 716 thousand sq m, 23% below 2012 and 30% below the 2013 peak

Retail space under construction and planned, thousand sq m gross, end of quarter. URA and JTC via SingStat, 2011 Q1 to 2026 Q2.

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The retail pipeline is 716 thousand sq m, 23% below 2012 and 30% below the 2013 peakRetail space under construction and planned, thousand sq m gross, end of quarter. URA and JTC via SingStat, 2011 Q1 to 2026 Q2.03757501,1251,500201220142016201820202022202420262011-Q1: Under construction 389 (total 748)2011-Q1: Written permission 91 (total 748)2011-Q1: Provisional 98 (total 748)2011-Q1: Other planned 170 (total 748)2011-Q2: Under construction 472 (total 877)2011-Q2: Written permission 73 (total 877)2011-Q2: Provisional 99 (total 877)2011-Q2: Other planned 233 (total 877)2011-Q3: Under construction 436 (total 856)2011-Q3: Written permission 96 (total 856)2011-Q3: Provisional 166 (total 856)2011-Q3: Other planned 158 (total 856)2011-Q4: Under construction 523 (total 817)2011-Q4: Written permission 158 (total 817)2011-Q4: Provisional 46 (total 817)2011-Q4: Other planned 90 (total 817)2012-Q1: Under construction 559 (total 856)2012-Q1: Written permission 115 (total 856)2012-Q1: Provisional 57 (total 856)2012-Q1: Other planned 125 (total 856)2012-Q2: Under construction 706 (total 933)2012-Q2: Written permission 77 (total 933)2012-Q2: Provisional 112 (total 933)2012-Q2: Other planned 38 (total 933)2012-Q3: Under construction 713 (total 950)2012-Q3: Written permission 78 (total 950)2012-Q3: Provisional 101 (total 950)2012-Q3: Other planned 58 (total 950)2012-Q4: Under construction 707 (total 980)2012-Q4: Written permission 113 (total 980)2012-Q4: Provisional 75 (total 980)2012-Q4: Other planned 85 (total 980)2013-Q1: Under construction 704 (total 1,019)2013-Q1: Written permission 136 (total 1,019)2013-Q1: Provisional 102 (total 1,019)2013-Q1: Other planned 77 (total 1,019)2013-Q2: Under construction 693 (total 990)2013-Q2: Written permission 107 (total 990)2013-Q2: Provisional 109 (total 990)2013-Q2: Other planned 81 (total 990)2013-Q3: Under construction 741 (total 999)2013-Q3: Written permission 86 (total 999)2013-Q3: Provisional 99 (total 999)2013-Q3: Other planned 73 (total 999)2013-Q4: Under construction 660 (total 1,002)2013-Q4: Written permission 95 (total 1,002)2013-Q4: Provisional 198 (total 1,002)2013-Q4: Other planned 49 (total 1,002)2014-Q1: Under construction 634 (total 977)2014-Q1: Written permission 152 (total 977)2014-Q1: Provisional 142 (total 977)2014-Q1: Other planned 49 (total 977)2014-Q2: Under construction 627 (total 979)2014-Q2: Written permission 123 (total 979)2014-Q2: Provisional 129 (total 979)2014-Q2: Other planned 100 (total 979)2014-Q3: Under construction 620 (total 969)2014-Q3: Written permission 107 (total 969)2014-Q3: Provisional 157 (total 969)2014-Q3: Other planned 85 (total 969)2014-Q4: Under construction 510 (total 852)2014-Q4: Written permission 191 (total 852)2014-Q4: Provisional 84 (total 852)2014-Q4: Other planned 67 (total 852)2015-Q1: Under construction 550 (total 797)2015-Q1: Written permission 79 (total 797)2015-Q1: Provisional 94 (total 797)2015-Q1: Other planned 74 (total 797)2015-Q2: Under construction 603 (total 844)2015-Q2: Written permission 35 (total 844)2015-Q2: Provisional 136 (total 844)2015-Q2: Other planned 70 (total 844)2015-Q3: Under construction 598 (total 848)2015-Q3: Written permission 47 (total 848)2015-Q3: Provisional 141 (total 848)2015-Q3: Other planned 62 (total 848)2015-Q4: Under construction 610 (total 834)2015-Q4: Written permission 56 (total 834)2015-Q4: Provisional 142 (total 834)2015-Q4: Other planned 26 (total 834)2016-Q1: Under construction 650 (total 800)2016-Q1: Written permission 47 (total 800)2016-Q1: Provisional 86 (total 800)2016-Q1: Other planned 17 (total 800)2016-Q2: Under construction 626 (total 768)2016-Q2: Written permission 40 (total 768)2016-Q2: Provisional 68 (total 768)2016-Q2: Other planned 34 (total 768)2016-Q3: Under construction 554 (total 688)2016-Q3: Written permission 31 (total 688)2016-Q3: Provisional 67 (total 688)2016-Q3: Other planned 36 (total 688)2016-Q4: Under construction 482 (total 616)2016-Q4: Written permission 81 (total 616)2016-Q4: Provisional 32 (total 616)2016-Q4: Other planned 21 (total 616)2017-Q1: Under construction 557 (total 638)2017-Q1: Written permission 27 (total 638)2017-Q1: Provisional 22 (total 638)2017-Q1: Other planned 32 (total 638)2017-Q2: Under construction 512 (total 634)2017-Q2: Written permission 27 (total 634)2017-Q2: Provisional 37 (total 634)2017-Q2: Other planned 58 (total 634)2017-Q3: Under construction 499 (total 612)2017-Q3: Written permission 27 (total 612)2017-Q3: Provisional 30 (total 612)2017-Q3: Other planned 56 (total 612)2017-Q4: Under construction 449 (total 555)2017-Q4: Written permission 23 (total 555)2017-Q4: Provisional 37 (total 555)2017-Q4: Other planned 46 (total 555)2018-Q1: Under construction 449 (total 573)2018-Q1: Written permission 25 (total 573)2018-Q1: Provisional 56 (total 573)2018-Q1: Other planned 43 (total 573)2018-Q2: Under construction 433 (total 585)2018-Q2: Written permission 30 (total 585)2018-Q2: Provisional 35 (total 585)2018-Q2: Other planned 87 (total 585)2018-Q3: Under construction 441 (total 583)2018-Q3: Written permission 27 (total 583)2018-Q3: Provisional 33 (total 583)2018-Q3: Other planned 82 (total 583)2018-Q4: Under construction 312 (total 453)2018-Q4: Written permission 29 (total 453)2018-Q4: Provisional 46 (total 453)2018-Q4: Other planned 66 (total 453)2019-Q1: Under construction 305 (total 424)2019-Q1: Written permission 16 (total 424)2019-Q1: Provisional 43 (total 424)2019-Q1: Other planned 60 (total 424)2019-Q2: Under construction 254 (total 370)2019-Q2: Written permission 25 (total 370)2019-Q2: Provisional 41 (total 370)2019-Q2: Other planned 50 (total 370)2019-Q3: Under construction 227 (total 332)2019-Q3: Written permission 30 (total 332)2019-Q3: Provisional 31 (total 332)2019-Q3: Other planned 44 (total 332)2019-Q4: Under construction 227 (total 405)2019-Q4: Written permission 25 (total 405)2019-Q4: Provisional 81 (total 405)2019-Q4: Other planned 72 (total 405)2020-Q1: Under construction 213 (total 416)2020-Q1: Written permission 50 (total 416)2020-Q1: Provisional 95 (total 416)2020-Q1: Other planned 58 (total 416)2020-Q2: Under construction 214 (total 424)2020-Q2: Written permission 38 (total 424)2020-Q2: Provisional 112 (total 424)2020-Q2: Other planned 60 (total 424)2020-Q3: Under construction 253 (total 438)2020-Q3: Written permission 15 (total 438)2020-Q3: Provisional 160 (total 438)2020-Q3: Other planned 10 (total 438)2020-Q4: Under construction 252 (total 445)2020-Q4: Written permission 15 (total 445)2020-Q4: Provisional 159 (total 445)2020-Q4: Other planned 19 (total 445)2021-Q1: Under construction 248 (total 444)2021-Q1: Written permission 15 (total 444)2021-Q1: Provisional 165 (total 444)2021-Q1: Other planned 16 (total 444)2021-Q2: Under construction 247 (total 437)2021-Q2: Written permission 61 (total 437)2021-Q2: Provisional 111 (total 437)2021-Q2: Other planned 18 (total 437)2021-Q3: Under construction 298 (total 444)2021-Q3: Written permission 10 (total 444)2021-Q3: Provisional 120 (total 444)2021-Q3: Other planned 16 (total 444)2021-Q4: Under construction 274 (total 460)2021-Q4: Written permission 8 (total 460)2021-Q4: Provisional 123 (total 460)2021-Q4: Other planned 55 (total 460)2022-Q1: Under construction 277 (total 477)2022-Q1: Written permission 12 (total 477)2022-Q1: Provisional 126 (total 477)2022-Q1: Other planned 62 (total 477)2022-Q2: Under construction 276 (total 503)2022-Q2: Written permission 30 (total 503)2022-Q2: Provisional 132 (total 503)2022-Q2: Other planned 65 (total 503)2022-Q3: Under construction 274 (total 480)2022-Q3: Written permission 21 (total 480)2022-Q3: Provisional 120 (total 480)2022-Q3: Other planned 65 (total 480)2022-Q4: Under construction 267 (total 513)2022-Q4: Written permission 24 (total 513)2022-Q4: Provisional 129 (total 513)2022-Q4: Other planned 93 (total 513)2023-Q1: Under construction 252 (total 511)2023-Q1: Written permission 31 (total 511)2023-Q1: Provisional 124 (total 511)2023-Q1: Other planned 104 (total 511)2023-Q2: Under construction 235 (total 507)2023-Q2: Written permission 33 (total 507)2023-Q2: Provisional 174 (total 507)2023-Q2: Other planned 65 (total 507)2023-Q3: Under construction 245 (total 665)2023-Q3: Written permission 34 (total 665)2023-Q3: Provisional 321 (total 665)2023-Q3: Other planned 65 (total 665)2023-Q4: Under construction 251 (total 703)2023-Q4: Written permission 40 (total 703)2023-Q4: Provisional 330 (total 703)2023-Q4: Other planned 82 (total 703)2024-Q1: Under construction 244 (total 675)2024-Q1: Written permission 33 (total 675)2024-Q1: Provisional 333 (total 675)2024-Q1: Other planned 65 (total 675)2024-Q2: Under construction 212 (total 663)2024-Q2: Written permission 25 (total 663)2024-Q2: Provisional 343 (total 663)2024-Q2: Other planned 83 (total 663)2024-Q3: Under construction 201 (total 605)2024-Q3: Written permission 36 (total 605)2024-Q3: Provisional 315 (total 605)2024-Q3: Other planned 53 (total 605)2024-Q4: Under construction 194 (total 638)2024-Q4: Written permission 30 (total 638)2024-Q4: Provisional 321 (total 638)2024-Q4: Other planned 93 (total 638)2025-Q1: Under construction 228 (total 613)2025-Q1: Written permission 18 (total 613)2025-Q1: Provisional 278 (total 613)2025-Q1: Other planned 89 (total 613)2025-Q2: Under construction 307 (total 616)2025-Q2: Written permission 19 (total 616)2025-Q2: Provisional 201 (total 616)2025-Q2: Other planned 89 (total 616)2025-Q3: Under construction 302 (total 625)2025-Q3: Written permission 12 (total 625)2025-Q3: Provisional 216 (total 625)2025-Q3: Other planned 95 (total 625)2025-Q4: Under construction 311 (total 643)2025-Q4: Written permission 12 (total 643)2025-Q4: Provisional 237 (total 643)2025-Q4: Other planned 83 (total 643)2026-Q1: Under construction 359 (total 674)2026-Q1: Written permission 12 (total 674)2026-Q1: Provisional 234 (total 674)2026-Q1: Other planned 69 (total 674)2026-Q2: Under construction 371 (total 716)2026-Q2: Written permission 15 (total 716)2026-Q2: Provisional 218 (total 716)2026-Q2: Other planned 112 (total 716)Other plannedProvisionalWritten permissionUnder construction

Source: URA and JTC via SingStat. Data to 2026 Q2.

Licence: green class (Singapore Open Data Licence).

View the data as a table
The retail pipeline is 716 thousand sq m, 23% below 2012 and 30% below the 2013 peak
PeriodUnder constructionWritten permissionProvisionalOther plannedTotal
2011-Q13899198170748
2011-Q24727399233877
2011-Q343696166158856
2011-Q45231584690817
2012-Q155911557125856
2012-Q27067711238933
2012-Q37137810158950
2012-Q47071137585980
2013-Q1704136102771,019
2013-Q269310710981990
2013-Q3741869973999
2013-Q466095198491,002
2014-Q163415214249977
2014-Q2627123129100979
2014-Q362010715785969
2014-Q45101918467852
2015-Q1550799474797
2015-Q26033513670844
2015-Q35984714162848
2015-Q46105614226834
2016-Q1650478617800
2016-Q2626406834768
2016-Q3554316736688
2016-Q4482813221616
2017-Q1557272232638
2017-Q2512273758634
2017-Q3499273056612
2017-Q4449233746555
2018-Q1449255643573
2018-Q2433303587585
2018-Q3441273382583
2018-Q4312294666453
2019-Q1305164360424
2019-Q2254254150370
2019-Q3227303144332
2019-Q4227258172405
2020-Q1213509558416
2020-Q22143811260424
2020-Q32531516010438
2020-Q42521515919445
2021-Q12481516516444
2021-Q22476111118437
2021-Q32981012016444
2021-Q4274812355460
2022-Q12771212662477
2022-Q22763013265503
2022-Q32742112065480
2022-Q42672412993513
2023-Q125231124104511
2023-Q22353317465507
2023-Q32453432165665
2023-Q42514033082703
2024-Q12443333365675
2024-Q22122534383663
2024-Q32013631553605
2024-Q41943032193638
2025-Q12281827889613
2025-Q23071920189616
2025-Q33021221695625
2025-Q43111223783643
2026-Q13591223469674
2026-Q237115218112716

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Central retail prices fell 42.8% from 2013 to 2023 and have regained 13.6%

Green bars rise, red bars fall. Change is between turning points (quarters). Prices: shop series to 2010 Q4, retail from 2011 Q1.

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Central retail prices fell 42.8% from 2013 to 2023 and have regained 13.6%Green bars rise, red bars fall. Change is between turning points (quarters). Prices: shop series to 2010 Q4, retail from 2011 Q1.199019952000200520102015202020252030Central price index (shop, then retail)Retail rent index (Central Region)Retail vacancy (private space)Retail space in the pipeline (thousand sq m)Series and definitionPrices upPrices downPrices upPrices downPrices upRents downRents upVacancy upVacancy downPipeline downPipeline upShop and retail series overlapURA widens the retail definitionPrices up: 1992 to 1996 (+47.5%)1992 to 1996+47.5%Prices down: 1996 to 1999 (-41.6%)1996 to 1999-41.6%Prices up: 2004 to 2013 (+50.4%)2004 to 2013+50.4%Prices down: 2013 to 2023 (-42.8%)2013 to 2023-42.8%Prices up: 2023 to 2026 (+13.6%)2023 to 2026+13.6%Rents down: 2011 to 2023 (-34.2%)2011 to 2023-34.2%Rents up: 2023 to 2026 (+3.1%)2023 to 2026+3.1%Vacancy up: 2013 to 2020 (5.0% to 11.1%)2013 to 20205.0% to 11.1%Vacancy down: 2020 to 2024 (11.1% to 6.0%)2020 to 202411.1% to 6.0%Pipeline down: 2013 to 2019 (1,019 to 332)2013 to 20191,019 to 332Pipeline up: 2019 to 2026 (332 to 716)2019 to 2026332 to 716Shop and retail series overlap: 2011 to 20132011 to 2013URA widens the retail definition: 2014 (from 2014 Q1)2014from 2014 Q1

Source: URA via SingStat and JTC. 1990 to 2026 Q2. Turning points are the PropInsights calculation from quarterly data; prices are shop series to 2010 Q4 and retail series from 2011 Q1..

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Central retail prices fell 42.8% from 2013 to 2023 and have regained 13.6%
EventStartEndNote
Prices up1992-07-011996-07-01+47.5%
Prices down1996-07-011999-07-01-41.6%
Prices up2004-01-012013-04-01+50.4%
Prices down2013-04-012023-04-01-42.8%
Prices up2023-04-012026-04-01+13.6%
Rents down2011-10-012023-01-01-34.2%
Rents up2023-01-012026-04-01+3.1%
Vacancy up2013-10-012020-04-015.0% to 11.1%
Vacancy down2020-04-012024-10-0111.1% to 6.0%
Pipeline down2013-01-012019-07-011,019 to 332
Pipeline up2019-07-012026-04-01332 to 716
Shop and retail series overlap2011-01-012013-01-01
URA widens the retail definition2014-01-01from 2014 Q1