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 house retail amenities to cater to its visitors.

The client
Singapore General Hospital

The brief
Savills was the appointed consultant to conduct a market study on the retail space in Singapore on a quarterly basis from 2005 till 2011. The study seeks to analyze the retail market in terms of supply, demand, rents as well as new developments and retail trends.

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 provided market information and real estate expertise to identify retail practices that cater to the latest market condition and changing shopping habits and trends.

 

 

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