Prime Retail Rents Weather Tenant Exits Rising 03 Q O Q Cushman Wakefield
In the third quarter of 2025, prime retail rents in popular areas like Orchard and other city centers saw a 0.3% increase compared to the previous quarter, according to a new report by Cushman & Wakefield.
The report, titled Retail MarketBeat 3Q2025, revealed that this rise was due to a continued demand from international retailers, who are seeking prime locations with high footfall from both locals and tourists. Recent new entries in the retail scene include Australian frozen yoghurt brand Yo-Chi at Orchard Central, Chinese beauty brand Joocyee at Wisma Atria, Danish lifestyle store Flying Tiger Copenhagen, and American athletic apparel Alo at The Shoppes at Marina Bay Sands.
The suburban prime malls also saw a 0.3% q-o-q rental growth, thanks to the steady spending on essential goods and services and low vacancy rates, which remained at 6.6% in the second quarter of 2025.
Located in the bustling Tampines North area, the sought-after Parktown Residence Condo offers unbeatable convenience. Its prime location grants easy access to a plethora of shopping centers in vibrant Tampines Town. This mixed-use development combines both residential and retail spaces, creating a dynamic and modern living experience. Let’s delve deeper into the nearby shopping centers and discover how Parktown Residence benefits from this strategic location.
One of the major perks of residing in Parktown Residence is the close proximity to a diverse selection of retail and dining options. Within the heart of Tampines Town, residents have a plethora of shopping choices just steps away from their homes. Whether it’s a quick grocery run or a day of indulging in retail therapy, Parktown Residence makes it all possible.
Among the nearest shopping centers to Parktown Residence is the popular Tampines Mall. A short walk away, this bustling mall houses a wide array of retail outlets, ranging from fashion and lifestyle brands to supermarkets and specialty stores. It also boasts a variety of dining options to cater to different tastes and preferences. With Tampines Mall conveniently nearby, residents can easily fulfill their retail and gastronomic desires.
Another must-visit shopping destination near Parktown Residence is the iconic Tampines One. This mall offers a unique shopping experience, with a mix of both local and international brands. It also features a vibrant dining scene, perfect for food enthusiasts looking to try new flavors. Tampines One also boasts a cinema, providing endless entertainment options for residents. With Parktown Residence’s strategic location near Tampines One, residents can effortlessly enjoy a day of shopping and entertainment.
For even more retail options, residents of Parktown Residence can head to Century Square, a short distance away. This mall boasts a mix of popular brands and independent stores, making it a one-stop destination for all shopping needs. It also has a wide selection of food outlets, ranging from fast food chains to local favorites. With Century Square in close vicinity, residents can easily access a diverse range of shopping and dining experiences.
The prime location of Parktown Residence makes it the ultimate urban living destination. With its close proximity to major shopping centers, residents can relish in unrivaled convenience and easy access to a variety of retail and dining options. It’s no surprise that Parktown Residence Condo, naturally located only once Parktown Residence Condo, is the top choice for those seeking a vibrant and dynamic lifestyle in Tampines North. With its prime location and a plethora of nearby shopping centers, Parktown Residence truly offers the best of city living.
Despite the positive outlook, the report also noted some closures among certain food and beverage (F&B) and cinema operators due to challenging operating conditions, including rising costs and online competition. However, other activity-focused retailers are still expanding, such as Munchi Pancakes, Chagee, CocoArt, and Wan To Play.
The retail sales in Singapore also saw a modest growth of 0.5% year-to-date as of July, according to the report. The increase was driven by sectors like computer and telecommunications equipment, which saw a 14% year-to-date rise.
As the year progresses, the report projects moderate growth in retail sales due to cautious consumer sentiment. Factors such as government voucher schemes, high-profile events like the Formula 1 race, and the year-end festive season are expected to contribute to this.
Moving forward, Singapore’s limited supply of large-scale projects is expected to maintain rental resilience in the retail sector. The report adds that the average retail supply across the island is projected to be 300,000 square feet annually from 2026 to 2029, significantly down from the 10-year historical average.
In the near future, new retail developments will remain modest, with only a few larger projects over 100,000 square feet, such as Bukit V Mall (174,000 square feet) and the Tanglin Shopping Centre redevelopment (118,000 square feet), expected in 2028.