Singapore retail industry

Despite surging store prices amid high consumer demand and inflation, shoppers are on a retail therapy binge.

In its report, the JLL team sees five key factors as helping to drive near-term domestic recovery for the retail property market.

Singapore’s July 2020 retail sales declined by 8.5% y-o-y, though retail sales are up 27.4% m-o-m, following the easing of lockdown measures in June.

(Oct 9): As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.