Malls Rental Going Up

Rents in Orchard Rd central rose by 17.2% this yr, compared to 9.9% for malls at its fringe, and 7.5% for suburban malls.

4Q Ave Rental ($ psf):
(1) Orchard (central)-Wisma, Ngee Ann City: $45.50
(2) Marina Centre, City Hall, Bugis: $30.20
(3) Suburgan-Tampines Mall, Jurong Pt: $29.00
(4) City fringe-Great World City, Novena Sq: $24.10
(5) Orchard (fringe)-Park Mall, Tanglin Mall: $22.40

* ST-MallsRental , AisaOne-SpecialistMalls *