“With commitment for Jewel now close to 90%, we believe that investor concerns over potential oversupply issues – the main drag on the retail sector’s lacklustre performance this year, in our opinion – should start to dissipate,” says lead analyst Carmen Tay in a Friday report.
SINGAPORE (Oct 12): Retail REITs have a chance to shine next year, says DBS Group Research, given consistently strong take-up rates for upcoming retail spaces this year which are a reflection of healthy demand in the retail arena.
Ahead of its opening, Changi Airport Group announced Jewel has achieved committed occupancies for almost 90% of its retail space based on NLA of 575,900 sf.
