Chart of the Day: See the 4-year consistent surge in retail space located at the Outside Central Region

Find out which projects are leading the trend.

From 2014 to 2018, approximately 4.6 million sq ft of net lettable retail space from major projects will be in the pipeline which averaged to about 927,000 sq ft of new retail supply per year.

According to Knight Frank Research, this is 4.9 per cent higher compared to the historical average annual new supply of 884,000 sq ft in the previous 3-year period from 2Q 2011 to 2Q 2014.

Approximately 58.4 per cent of total upcoming supply, which amounts to about 2.7 million sq ft of net lettable area, is situated in the Outside Central Region.

Knight Frank adds that notably in 2018, 79.3 per cent of the total retail space supply in that year is situated in the Outside Central Region. This sizeable supply of retail space is mainly attributable to two key projects, Project Jewel at Airport Boulevard and Northpoint City at Yishun.

Other upcoming suburban retail spaces over the next four years include Big Box, The Seletar Mall, Eastpoint Mall, Hillion Mall, Waterway Point, and Changi Airport Terminal 4.

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