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Retail Market Study for Singapore General Hospital
Singapore General Hospital is the oldest and largest tertiary acute hospital and national referral center in Singapore. The premise also houses retail amenities to cater to its visitors.
The brief
Savills is the appointed consultant to conduct a market study on the retail space in Singapore on a quarterly basis since 2005. The study seeks to analyse the retail market in terms of supply, demand, rents as well as new developments and retail trends.
The client
Singapore General Hospital
Our solution
The study analyses key economic drivers which influence the retail property market such as retail sales, tourist arrivals and the employment sector. We monitor the latest market developments, identify underlying trends that drive the market and closely track new and future supply of retail space as well as their performance and market reception to appreciate any potential impact on retail rents.
How we added value
We provide market information and real estate expertise to identify retail practices that cater to the latest market condition and changing shopping habits and trends.
