As Singapore transitions towards COVID endemicity and economic expansion, there is much to celebrate about – such as the anticipated recovery of Singapore’s retail property market.

Over the next five years, we expect Singapore’s successful transition towards COVID endemicity, the sustained reopening of its domestic economy and borders, as well as economic expansion to propel the retail market recovery.

In the near-term, stronger real wage growth and excess savings by consumers during the COVID-19 pandemic in 2020 and 2021 could cushion the impact of higher inflation and interest rates on consumption.

Read our latest report for a close look at local and regional trends driving healthy demand for Singapore’s retail assets in the medium term and how the positive retail property market outlook is expected to impact investor choices.