An Analysis of Retail Rental Renewal Trends Using Micro Data
In 2013, URA’s retail rental index declined by 0.8 per cent, extending the 0.5 per cent decline in 2012. The decline in retail rent was in line with the weak performance of retail sales over this period. In particular, the increase in the Retail Sales Index (excluding motor vehicles) moderated to 1.1 per cent in 2013, from 1.7 per cent in the previous year (Exhibit 1).
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