Tag Archives: Singapore Retail

313 @ Somerset to open on Dec 3

Posted on 17 Oct 2009 | Comments Off on 313 @ Somerset to open on Dec 3

Newest mall expects competition but retail figures are improving.
The almost completed 313@Somerset is one of the few malls here with the highest award for environmental standards. — PHOTOS: NG SOR LUAN, LEND LEASE RETAIL
An artist’s impression of Discovery Walk at the mall. — PHOTOS: NG SOR LUAN, LEND LEASE RETAIL

The almost completed 313@Somerset is one of the few malls here with the highest award for environmental standards . . — PHOTOS: NG SOR LUAN, LEND LEASE RETAIL.

THE date has been set. Orchard Road will welcome a glitzy new mall to its famous shopping strip amid the upcoming Christmas season – a move set to give the local retail scene a much-needed boost. Continue reading →

Comments Off on 313 @ Somerset to open on Dec 3

Posted in Office / Retail / Industrial

Tagged , , , ,

Retail sales jump 5.2% in Aug over July

Posted on 16 Oct 2009 | Comments Off on Retail sales jump 5.2% in Aug over July

Rise is biggest monthly increase since Feb, but still a drop year on year

CONSUMERS hit the shops in August to spend $2.6 billion on cars, petrol, clothes, watches and jewellery, among other things.

They spent 5.2 per cent more on retail goods in August than in July, the biggest monthly increase since February, according to the Department of Statistics (DOS) yesterday.

Retail sales were still lower than in August last year – coincidentally also by 5.2 per cent – but this was the smallest decrease in eight months.

Some economists see the figures as a positive sign that consumer spending is turning the corner to a sustained recovery.

‘Is the Singapore consumer back? It is beginning to look that way,’ said HSBC economist Robert Prior-Wandesforde.

For one thing, Singaporeans are starting to feel more wealthy, he said. Continue reading →

Comments Off on Retail sales jump 5.2% in Aug over July

Posted in Office / Retail / Industrial

Tagged , ,