14 retail projects you should watch out for in 2017

Landlords benefit from populated prime locations.

According to Savills, uncertainties and large pipeline supply have created a tenant’s market, but the prime locations of upcoming projects in suburban centres with high population growth work in favour of landlords. The situation has somewhat put landlords and retailers on equal footing, keeping rents resilient but growth in check. Barring extreme shocks henceforth, we expect prime rents on Orchard Road and in suburban malls to hold this year.

Savills identified 14 major retail development projects in the pipeline from this year until 2017. This includes Jem, orchardgateway @ Emerald, Westgate, Bedok Mall, 268 Orchard Road, 6 Shenton Way, The Seletar Mall, Big Box, Retail at Capitol Site, Retail at Sports Hub, Hillion Mall, South Beach, Waterway Point, and Marina One.