DOCSLIB.ORG

Retail Savills Research

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Retail Savills Research Singapore – May 2019 MARKET IN MINUTES Retail Savills Research Savills team Please contact us for further information SINGAPORE Marcus Loo CEO, Singapore +65 6415 3893 [email protected] Sulian Claire Executive Director Retail & Lifestyle +65 6415 3880 [email protected] Retail vacancies climb to record high of 8.7% RESEARCH Activity-based and multi-concept retailers continue to expand their retail Alan Cheong Executive Director footprint. Singapore +65 6415 3641 • On the back of improved hiring levels and Chinese New • Although multi-faceted challenges confront retailers, [email protected] Year festive spending, retail sales (excluding motor vehicles) the relative lack of supply in Orchard Area will keep rents Simon Smith improved 4.9% year-on-year (YoY) in January, but were stable while prime suburban malls should experience Senior Director down 10.9% YoY in February from their sales peak a year ago. slightly better prospects arising from their pull within their Asia Pacifi c respective catchment areas. +852 2842 4573 • Other than Orchard and Fringe Areas, net take-up of retail [email protected] space declined across the board, pushing up the island-wide MCI (P) No. 090/08/2018 Company Reg No. 198703410D vacancy level to a high of 8.7% in Q1/2019. “ The lower tourist spend on Savills plc • In Orchard Area, the limited new supply along the shopping Savills is a leading global real retail and F&B will goad more estate service provider listed on belt held prime monthly rents unchanged at S$29.90 per sq the London Stock Exchange. The company established in 1855, has ft in the fi rst quarter. Core Orchard Road and CBD a rich heritage with unrivalled growth. It is a company that leads rather than follows, and now has malls to convert space to over 600 offi ces and associates • Given the accessibility and ready catchment of shoppers, throughout the Americas, Europe, Asia Pacifi c, Africa and the Middle the prime monthly rent in Suburban Area also stayed fl at at fl exi-users and target local East. This report is for general informative purposes only. It may S$28.80 per sq ft. not be published, reproduced or consumers.” quoted in part or in whole, nor may it be used as a basis for any • Squeezed by shrinking sales and rising costs from varying contract, prospectus, agreement ALAN CHEONG, SAVILLS RESEARCH or other document without prior fronts, retailers are likely to focus on consolidating loss- consent. Whilst every eff ort has been made to ensure its accuracy, making stores while expanding with caution. Savills accepts no liability whatsoever for any direct or consequential loss arising from its use. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from Savills Research. savills.com.sg/research 1 Retail MACROECONOMIC OVERVIEW Given the accessibility and ready catchment of GRAPH 1: Growth In Retail Sales And F&B Sales, According to advance estimates released by shoppers, the prime monthly rent in Suburban January 2014 to March 2019 the Ministry of Trade and Industry (MTI), Area also stayed fl at at S$28.80 per sq ft. Even F&B sales Retail sales (excluding motor vehicles) Singapore’s economic growth came in at 1.2% though prime units in both areas are highly 15% YoY in Q1/2019, easing slightly from 1.3% in sought-after due to still-healthy footfall, Q4/2018. Despite subdued economic growth, retailers’ continued resistance to higher rents 10% the labour market stood fi rm in Q1/2019 has put a cap on rental increases. with higher employment and a steady 5% unemployment rate. JEWEL: THE ATTRACTION FOR The improved hiring levels and Chinese LOCAL AND INTERNATIONAL 0% New Year festive period boosted consumer VISITORS spending in the beginning of the year. The With the opening of a new lifestyle YOY CHANGE YOY -5% increase of 4.9% YoY in retail sales (excluding destination, which is attempting to capture motor vehicles)1 in January was bolstered by both domestic residents and air passenger higher sales on toiletries and apparel. The traffi c, Jewel Changi Airport (Jewel) has -10% record high of over 1.6 million visitor arrivals become the choice for international brands in January also supported the sales recovery. keen to open their largest stores and expand -15% However, compared to the Chinese New Year their retail footprint in Singapore. Brands Jul Jul Jul Jul Jul Jan Jan Jan Jan Jan Jan Oct Oct Oct Oct Oct Apr Apr Apr Apr Apr festive sales peak of a year ago, retail sales in including Nike, Muji, Starbucks, Tokyu Hands 2014 2015 2016 2017 2018 2019 February shrunk by 10.9% YoY. Retail sales and Skechers all launched duplex stores in Source Singapore Department of Statistics, Savills Research & Consultancy experienced another broad-based weakening Jewel. After the grand opening of its global in March, albeit at a slower rate. The weaker fl agship store at Orchard Central last year, performance could be attributed to March’s Uniqlo opened its second-largest branch in Southeast Asia at Jewel before launching GRAPH 2: Vacancy Rates, 2011 to Q1/2019 fi rst YoY decline in tourist arrivals after rising every month for almost four consecutive another new outlet at Paya Lebar Quarter years. (PLQ) mall and expanding its existing outlet Orchard Downtown Core Outside Central Region Following a three-month increase through at VivoCity. Apple, which is opening a new 16% January, food and beverage (F&B) revenue2 store at Marina Bay Sands (MBS), will also 14% fell by 4.0% YoY in February as food caterers set up its new fl agship store at Jewel. and restaurants recorded a decline in receipts 12% from last year’s festive period. The decline FITNESS & EXPERIENCE-DRIVEN in F&B revenue eased to 1.2% YoY in March RETAIL DOMINATES 10% when sales at other eating places such as cafés Some fi tness retailers continue to tap into the 8% picked up from the same period last year. emerging wellness trend to spur growth. UFC Gym, which is planning to expand to 15 gyms 6% RENTAL MARKET STAYS FLAT over the next decade, unveiled its fi rst branch at CityLink Mall in March. Barry’s Bootcamp, 4% Singapore’s retail supply tightened slightly by 22,000 sq ft in Q1/2019. The quarter’s the US workout operator, is setting up its fi rst 2% new supply, which came mainly from the location in Asia in May at the redeveloped revamped retail podium at TripleOne Robinson Tower. True Fitness is also 0% Somerset, was more than off set by an overall undertaking a massive expansion, opening Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 removal of stock. the largest fi tness centre in Singapore which 2011 2012 2013 2014 2015 2016 2017 2018 19 Other than Orchard and Fringe Areas where spans 41,700 sq ft at Millenia Walk. The fi rst Source URA, Savills Research & Consultancy net demand remained the same, net take-up of phase comprises the 23,000-sq ft premise retail space declined across the board, pushing which TripleFit will be vacating by end-May, up the island-wide vacancy level by 0.2 of a and the rest of the expansion will complete GRAPH 3: Prime Retail Rents, 2008 to Q1/2019 percentage point (ppt) quarter-on-quarter by Q3/2019. Pure Group will then take over (QoQ) to a record high of 8.7% in Q1/2019 . True’s current 30,000-sq ft gym centre at Orchard Suburban The softer demand could be attributed to F&B Suntec City, launching its eighth facility later 45 closures as some restaurants and take-away this year or early-2020. stores were battered by retail headwinds. Nightclub chain Marquee Singapore made 40 Earlier this year, F&B brands such as Chili’s , its debut in Asia with a three-storey mega-club, Jpot and Pablo Cheese Tart shuttered all their taking up 24,757 sq ft at The Shoppes in MBS. 35 stores in Singapore. Singapore’s fi rst smart spa, Porcelain Origins, The retail rental recovery in Q4/2018 did introduced a multi-concept spa comprising 30 not extend beyond 2018. The rental index in cafe, retail space and beauty services with Central Region was down by 0.2 of a ppt QoQ added digital technologies at Orchard Paragon. in Q1/2019, ending a short-lived uptick in 25 the preceding quarter. In Orchard Area, the SUPPLY IN THE PIPELINE S$ PER SQ FT PER MONTH PER SQ FT S$ PER limited new supply along the shopping belt Approximately 1.9 million sq ft of retail 20 held prime monthly rents3 unchanged at an space4 is expected to come onstream in 2019, average of S$29.90 per sq ft in the fi rst quarter. equivalent to about 2.9% of the total current 15 supply. Owing to major completions from 1 Retail Sales Index at Constant Prices, Monthly. Updated as Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 at 13 May 2019. projects such as Funan and PLQ mall, 2019’s 2 Food & Beverage Services Index at Constant Prices, 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 19 Monthly, Updated as at 13 May 2019. upcoming supply should far exceed—by Source Savills Research & Consultancy 3 Refers to Savills prime monthly rents for ground-fl oor retail units with good frontage and footfall.
Load more

Recommended publications
  • Spend S$150 and Above at Aeropostale Store to Purchase Aeropostale Perfume at S$19.90
    AEROPOSTALE • Spend S$150 and above at Aeropostale store to purchase Aeropostale perfume at S$19.90 Valid from 1 May till 31 Jul 2014 Available at all Aeropostale retail shops • Citylink Mall • ION Orchard • Ngee Ann City • Bugis+ Mall AUDIO HOUSE • 59% OFF PHILIPS 46” 3D Ultra Slim Smart LED TV ( AMBILIGHT SERIES) @ only S$899 (U.P S$2,199) • Inclusive of 2 pairs of 3D glasses • Comes with FREE delivery and wall mounting installation • 3 years local warranty Valid from 1 May till 31 Jul 2014 • The Offer is inclusive of any other applicable taxes, surcharges or fees • Other terms and conditions apply. Available outlets: • Audio House Liang Court & Bendemeer 177 River Valley Road #04-01/15, Liang Court Shopping Centre • 72 Bendemeer Road #01-20/21/22 LUZERNE • Limited to 1 purchase per Cardholder CHALONE • Present your BOC Credit Cards and receive FREE S$10 Chalone Lingerie voucher & Bra Protective Hanger (no min. purchase required) One FREE gift per Cardholder • Offer is valid while stocks last • Terms and conditions on lingerie voucher applies • FREE set of assorted Chalone vouchers (worth S$70) with purchase of S$150 and above Valid from 1 May till 31 Jul 2014 • One FREE set of assorted vouchers per Cardholder • Offer is valid while stocks last • Terms and conditions on voucher applies CITIGEMS • Additional 10% OFF Valid from 1 May till 31 Jul 2014 • Applicable on all jewellery including selected discounted items except Rosella©, Best Buys, 999 Gold and standard chains DICKSON WATCH & JEWELLERY • Additional 15% OFF Baume & Mercier watches Valid from 1 May till 31 Jul 2014 Available outlets: Wisma Atria • Knightsbridge • FREE Dunhill Card Case with any purchase of Baume & Mercier watches Valid till 28 Feb 2015 • Offer is valid while stocks last • Dickson Watch & Jewellery reserves the right to change the gift item without prior notice Available at all Dickson Watch & Jewellery outlets CROCODILE • Additional 10% OFF sale items (min.
    [Show full text]
  • Participating Merchants
    PARTICIPATING MERCHANTS PARTICIPATING POSTAL ADDRESS MERCHANTS CODE 460 ALEXANDRA ROAD, #01-17 AND #01-20 119963 53 ANG MO KIO AVENUE 3, #01-40 AMK HUB 569933 241/243 VICTORIA STREET, BUGIS VILLAGE 188030 BUKIT PANJANG PLAZA, #01-28 1 JELEBU ROAD 677743 175 BENCOOLEN STREET, #01-01 BURLINGTON SQUARE 189649 THE CENTRAL 6 EU TONG SEN STREET, #01-23 TO 26 059817 2 CHANGI BUSINESS PARK AVENUE 1, #01-05 486015 1 SENG KANG SQUARE, #B1-14/14A COMPASS ONE 545078 FAIRPRICE HUB 1 JOO KOON CIRCLE, #01-51 629117 FUCHUN COMMUNITY CLUB, #01-01 NO 1 WOODLANDS STREET 31 738581 11 BEDOK NORTH STREET 1, #01-33 469662 4 HILLVIEW RISE, #01-06 #01-07 HILLV2 667979 INCOME AT RAFFLES 16 COLLYER QUAY, #01-01/02 049318 2 JURONG EAST STREET 21, #01-51 609601 50 JURONG GATEWAY ROAD JEM, #B1-02 608549 78 AIRPORT BOULEVARD, #B2-235-236 JEWEL CHANGI AIRPORT 819666 63 JURONG WEST CENTRAL 3, #B1-54/55 JURONG POINT SHOPPING CENTRE 648331 KALLANG LEISURE PARK 5 STADIUM WALK, #01-43 397693 216 ANG MO KIO AVE 4, #01-01 569897 1 LOWER KENT RIDGE ROAD, #03-11 ONE KENT RIDGE 119082 BLK 809 FRENCH ROAD, #01-31 KITCHENER COMPLEX 200809 Burger King BLK 258 PASIR RIS STREET 21, #01-23 510258 8A MARINA BOULEVARD, #B2-03 MARINA BAY LINK MALL 018984 BLK 4 WOODLANDS STREET 12, #02-01 738623 23 SERANGOON CENTRAL NEX, #B1-30/31 556083 80 MARINE PARADE ROAD, #01-11 PARKWAY PARADE 449269 120 PASIR RIS CENTRAL, #01-11 PASIR RIS SPORTS CENTRE 519640 60 PAYA LEBAR ROAD, #01-40/41/42/43 409051 PLAZA SINGAPURA 68 ORCHARD ROAD, #B1-11 238839 33 SENGKANG WEST AVENUE, #01-09/10/11/12/13/14 THE
    [Show full text]
  • Stay Fit & Feel Good Memorable Events at The
    INTEGRATED DINING DESTINATION SINGAPORE ISLAND MAP STAY FIT & FEEL GOOD Food warms the soul and we promise that it is always a lavish gastronomic experience Relax after a day of conference meeting or sightseeing. Stay in shape at our 24-hour gymnasium, at the Grand Copthorne Waterfront Hotel. have a leisurely swim in the pool, challenge your travel buddies to a game of tennis or soothe your muscles in the outdoor jacuzzi. MALAYSIA SEMBAWANG SHIPYARD NORTHERN NS11 Pulau MALAYSIA SEMBAWANG SEMBAWANG Seletar WOODLANDS WOODLANDS SUNGEI BULOH WETLAND CHECKPOINT TRAIN CHECKPOINT RESERVE NS10 ADMIRALTY NS8 NS9 MARSILING WOODLANDS YISHUN SINGAPORE NS13 TURF CLUB WOODLANDS YISHUN Pulau SARIMBUN SELETAR RESERVOIR EXPRESSWAY Punggol KRANJI NS7 Barat KRANJI Pulau BUKIT TIMAH JALAN Punggol NS14 KHATIB KAYU Timor KRANJI Pulau Pulau LIM CHU KANG RESERVOIR SELETAR PUNGGOL Serangoon Tekong KRANJI SINGAPORE RESERVOIR PUNGGOL (Coney Island) WAR ZOO AIRPORT Pulau Ubin MEMORIAL NEE LOWER SELETAR NE17 SOON RESERVOIR PUNGGOL Punggol EXPRESSWAY UPPER NIGHT TAMPINES EXPRESSWAY (TPE) LRT (PG) NS5 SAFARI SELETAR YEW TEE RESERVOIR MEMORABLE EVENTS AT THE WATERFRONT (SLE) SERANGOON NE16 RESERVOIR Bukit Panjang SENGKANG RIVER Sengkang LRT (BP) SAFARI With 33 versatile meeting rooms covering an impressive 850 square metres, SENGKANG LRT (SK) CAFHI JETTY NS4 CHOA CHU YIO CHU CHOA CHU KANG KANG CHANGI the Waterfront Conference Centre truly offers an unparalleled choice of meeting KANG NE15 PASIR NS15 BUANGKOK VILLAGE EASTERN DT1 BUKIT YIO CHU KANG TAMPINES EXPRESSWAY (TPE) BUKIT PANJANG (BKE) RIS Boasting a multi-sensory dining experience, interactive Grissini is a contemporary Italian grill restaurant spaces with natural daylight within one of the best designed conference venues PANJANG HOUGANG (KPE) EW1 CHANGI PASIR RIS VILLAGE buffet restaurant, Food Capital showcases the best specialising in premium meats and seafood prepared in DT2 LOWER NS16 NE14 in the region.
    [Show full text]
  • Circle Line Guide
    SMRT System Map STOP 4: Pasir Panjang MRT Station Before you know, it’s dinner LEGEND STOP 2: time! Enjoy a sumptuous East West Line EW Interchange Station Holland Village MRT Station meal at the Pasir Panjang North South Line NS Bus Interchange near Station Food Centre, which is just Head two stops down to a stop away and is popular Circle Line CC North South Line Extension Holland Village for lunch. (Under construction) for its BBQ seafood and SMRT Circle Line Bukit Panjang LRT BP With a huge variety of cuisines Malay fare. Stations will open on 14 January 2012 available, you’ll be spoilt for STOP 3: choice of food. Haw Par Villa MRT Station STOP 1: Spend the afternoon at the Haw Botanic Gardens MRT Station Par Villa and immerse in the rich Start the day with some fresh air and Chinese legends and folklore, nice greenery at Singapore Botanic dramatised through more than Gardens. Enjoy nature at its best or 1,000 statues and dioramas have fun with the kids at the Jacob found only in Singapore! Ballas Garden. FAMILY. TIME. OUT. Your Handy Guide to Great Food. Fun Activities. Fascinating Places. One day out on the Circle Line! For Enquiries/Feedback EAT. SHOP. CHILL. SMRT Customer Relations Centre STOP 1: Buona Vista Interchange Station 1800 336 8900 A short walk away and you’ll find 7.30am to 6.30pm STOP 3: yourself at Rochester Park where Mondays – Fridays, except Public Holidays you can choose between a hearty Haw Par Villa MRT Station SMRT Circle Line Quick Facts Or send us an online feedback at American brunch at Graze or dim Venture back west for dinner www.smrt.com.sg/contact_us.asp Total route length: 35.4km Each train has three cars, 148 seats and can take up to 670 sum at the Min Jiang at One-North after a day at the mall.
    [Show full text]
  • Participating Merchants Address Postal Code Club21 3.1 Phillip Lim 581 Orchard Road, Hilton Hotel 238883 A|X Armani Exchange
    Participating Merchants Address Postal Code Club21 3.1 Phillip Lim 581 Orchard Road, Hilton Hotel 238883 A|X Armani Exchange 2 Orchard Turn, B1-03 ION Orchard 238801 391 Orchard Road, #B1-03/04 Ngee Ann City 238872 290 Orchard Rd, 02-13/14-16 Paragon #02-17/19 238859 2 Bayfront Avenue, B2-15/16/16A The Shoppes at Marina Bay Sands 018972 Armani Junior 2 Bayfront Avenue, B1-62 018972 Bao Bao Issey Miyake 2 Orchard Turn, ION Orchard #03-24 238801 Bonpoint 583 Orchard Road, #02-11/12/13 Forum The Shopping Mall 238884 2 Bayfront Avenue, B1-61 018972 CK Calvin Klein 2 Orchard Turn, 03-09 ION Orchard 238801 290 Orchard Road, 02-33/34 Paragon 238859 2 Bayfront Avenue, 01-17A 018972 Club21 581 Orchard Road, Hilton Hotel 238883 Club21 Men 581 Orchard Road, Hilton Hotel 238883 Club21 X Play Comme 2 Bayfront Avenue, #B1-68 The Shoppes At Marina Bay Sands 018972 Des Garscons 2 Orchard Turn, #03-10 ION Orchard 238801 Comme Des Garcons 6B Orange Grove Road, Level 1 Como House 258332 Pocket Commes des Garcons 581 Orchard Road, Hilton Hotel 238883 DKNY 290 Orchard Rd, 02-43 Paragon 238859 2 Orchard Turn, B1-03 ION Orchard 238801 Dries Van Noten 581 Orchard Road, Hilton Hotel 238883 Emporio Armani 290 Orchard Road, 01-23/24 Paragon 238859 2 Bayfront Avenue, 01-16 The Shoppes at Marina Bay Sands 018972 Giorgio Armani 2 Bayfront Avenue, B1-76/77 The Shoppes at Marina Bay Sands 018972 581 Orchard Road, Hilton Hotel 238883 Issey Miyake 581 Orchard Road, Hilton Hotel 238883 Marni 581 Orchard Road, Hilton Hotel 238883 Mulberry 2 Bayfront Avenue, 01-41/42 018972
    [Show full text]
  • Singapore Knows How to Swoon Shopaholics Kathy Petite Contributor/Jakarta
    C M Y K [ TJP ] page - 26 R-011005 R-011005 R-011005 R-011005 Year-end sales Wednesday, November 19, 2008 26 MARKETING PERSPECTIVE Singapore knows how to swoon shopaholics Kathy Petite Contributor/Jakarta f you have a true blue shopper friend who occa- I sionally likes to fly to Sin- gapore every year, you might be able to guess what months they choose to do that. May to July for example, is most like- ly one period they won’t miss, when the Great Singapore Sale strikes back. During these months, the city turns into a whirl of activity as the island-wide mega ultra sale spoils you with an ocean of head-turning offers. Cutting prices by up to 70 percent, who wouldn’t find it irresistible? The streets are packed with hands swaying filled shopping bags of various items. Fashion, accessories, watches, jewelry, electronics, you name it. From medium to premium brands, from kids to adult stuff. It can be an eight-week shopathon for some real bargain hunters. So, how can you blame those who want to be part of the whole paradise? It would be a sin to be somewhere else dur- ing these months, some may JP/Kathy Petite think. POPULAR SPOT: Browsing around Orchard Road is And what is another period never complete without swinging by Takashimaya, especially apart from the mid year that when a sale is on. alerts shoppers? I would say, JP/Kathy Petite the end of the year. It surely is Tempting offers come from times makeup too.
    [Show full text]
  • Thursday Friday Saturday Sunday International Plaza 11Am
    PHARMACY DISPENSING HOURS 11 Feb 12 Feb 13 Feb 14 Feb STORE_NAME (Eve) (Day 1) (Day 2) (Day 3) Thursday Friday Saturday Sunday International Plaza 11am - 4pm Close Close As Usual Hong Leong Building No Pharmacy Marina Square 11am - 4pm Tele 12pm-8pm Tele 12pm-8pm As Usual Raffles City 11am - 4pm 10am-9pm 10am-9pm As Usual Marina Bay Financial Centre 11am - 4pm Close Close As Usual Asia Square No Pharmacy Amara 100Am No Pharmacy Suntec City No Pharmacy Tiong Bahru Plaza 11am - 4pm 10am-9pm 10am-9pm As Usual Funan No Pharmacy Income At Raffles No Pharmacy Great World City 11am - 4pm 10am-9pm 10am-9pm As Usual Artra No Pharmacy United Square 11am - 4pm Tele 12pm-8pm 12pm-8pm As Usual Junction 8 Shopping Tele 10am-6pm Tele 12pm-8pm Tele 12pm-8pm As Usual Novena Square 11am - 4pm 10am-9pm 10am-9pm As Usual Toa Payoh (Hdb) 11am - 4pm 10am-9pm 10am-9pm As Usual Braddell No Pharmacy Bishan St 22 No Pharmacy Ang Mo Kio Hub No Pharmacy Causeway Point 11am - 4pm 10am-9pm 10am-9pm As Usual Sembawang Shopping Centre No Pharmacy Ite Amk No Pharmacy Sun Plaza No Pharmacy Northpoint City 11am - 4pm Tele 12pm-8pm 10am-9pm As Usual Thomson Plaza No Pharmacy Hougang Green Shopping No Pharmacy Rivervale Mall No Pharmacy Hougang Mall 11am - 4pm Tele 12pm-8pm Tele 12pm-8pm As Usual Hougang Street 21 No Pharmacy Punggol Plaza No Pharmacy Serangoon Garden No Pharmacy Lor Ah Soo Hougang A No Pharmacy Hougang 1 No Pharmacy The Seletar Mall No Pharmacy Waterway Point 11am - 4pm Tele 12pm-8pm 10am-9pm As Usual Compass One 11am - 4pm 10am-9pm 10am-9pm As Usual Tampines
    [Show full text]
  • ANNEX a the Singapore Tourism Awards 2021 Finalists
    ANNEX A The Singapore Tourism Awards 2021 Finalists Customer Service Excellence Category Finalist Mr Calantog Gain Mark Olmedo Certis Cisco Aviation Security Pte Ltd Mr Han Jun Certis Cisco Aviation Security Pte Ltd Customer Service Excellence for Attractions Ms Limbaring Irene Grace Yonson Certis Cisco Aviation Security Pte Ltd Ms Nur Iyliani Binte Razali Sentosa Development Corporation Ms Freida Ng Li Qi Quincy Hotel, Far East Hospitality Ms Sofia Muju Franklin Rendezvous Hotel Singapore Customer Service Excellence for Mr Suresh Kumar Hotels Amara Sanctuary Resort Sentosa and Amara Singapore, Amara Holdings Ms Yong Ching Yi Yvette The Seacare Hotel, Seacare Co-operative Ltd Customer Service Excellence for Mr Ashley David Towpich Food and Beverage Resorts World Sentosa Page 1 of 9 Ms Marie Abegail Jumao-as RC Hotels, Fairmont Singapore Mr Ryan Haque Doulay Sofitel Singapore Sentosa Resort and Spa Ms Sobresida Gina Lubos 25 Degrees Burgers & Liquor Bar, GCH Pte Ltd Mr Abdul Qadir Bin Minhat Resorts World Sentosa Ms Chansey Tan Hui Ting Customer Service Excellence for Resorts World Sentosa Retail Mr Goh Qi Zhen Lagardère Travel Retail Singapore Mr Muhammad Azhar Bin Mohd Zulkifli Resorts World Sentosa Ms Gowri D/O Veren SMRT Trains Ms Joy Rajagopal Customer Service Excellence for SMRT Trains Transport Mr Subramaniam S/O Rajoo SMRT Roads Mr Voon Boon Hin SMRT Roads Customer Service Excellence for Mr Colin Goh Zhen Yu Tourist Guiding Let’s Go Tour Singapore Page 2 of 9 Mr Darius Phee Monster Day Tours, Woopa Travels Mr Robin Loh Let’s Go Tour Singapore Mr Tan Jun Wei (Jeff) Monster Day Tours, Woopa Travels Page 3 of 9 Experience Excellence (Leisure) Category Finalist Canopy Park, Jewel Changi Airport Jewel Changi Airport Kiztopia Kiztopia Pte Ltd Outstanding Attraction Experience National Gallery Singapore National Gallery Singapore S.E.A.
    [Show full text]
  • Capitamalls Asia Limited 凱德商用產業有限公司
    The Singapore Exchange Securities Trading Limited, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. CAPITAMALLS ASIA LIMITED * 凱德商用產業有限公司 (Singapore Company Registration Number: 200413169H) (Incorporated in the Republic of Singapore with limited liability) (Hong Kong Stock Code: 6813) (Singapore Stock Code: JS8) OVERSEAS REGULATORY ANNOUNCEMENT INSIDE INFORMATION This announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Please refer to the next page for the document which has been published by CapitaMalls Asia Limited (the “ Company ”) on the website of the Singapore Exchange Securities Trading Limited on 20 December 2013. BY ORDER OF THE BOARD CapitaMalls Asia Limited Choo Wei-Pin Company Secretary Hong Kong, 20 December 2013 As at the date of this announcement, the board of directors of the Company comprises Mr Ng Kee Choe (Chairman and non-executive director); Mr Lim Beng Chee as executive director; Mr Lim Ming Yan, Ms Chua Kheng Yeng Jennie and Mr Lim Tse Ghow Olivier as non-executive directors; and Mr Sunil Tissa Amarasuriya, Tan Sri Amirsham A Aziz, Dr Loo Choon Yong, Mrs Arfat Pannir Selvam, Mr Bob Tan Beng Hai and Professor Tan Kong Yam as independent non-executive directors.
    [Show full text]
  • Trends Topshop • Get a Sure-Win Scratch Card with Every Purchase of $60 • Complimentary Topshop Eco Bag with Min
    trends Topshop • Get a sure-win scratch card with every purchase of $60 • Complimentary Topshop eco bag with min. nett purchase of $80 Bugis Junction #01-22 | Isetan Orchard, Level 1 | Marina Square #02-109 | Parkway Parade #01-33 | Raffles City #02-39 | Suntec City Mall #01-039A | VivoCity #01-72 • Valid from 13 - 23 Nov 2008 Topman • Get a sure-win scratch card with every purchase of $60 • Complimentary Topman note book with min. nett purchase of $80 Bugis Junction #01-22 | Isetan Orchard, Level 1 | Marina Square #02-109 | Parkway Parade #01-33 | Raffles City #02-39 | Suntec City Mall #01-039A | VivoCity #01-72 • Valid from 13 - 23 Nov 2008 Dorothy Perkins • Get a sure-win scratch card with every purchase of $60 • Limited edition Dorothy Perkins umbrella for only $8 (UP $23) with min. nett spend of $80 Bugis Junction #01-30 | Great World City #01-39 | Marina Square #02-338 | Parkway Parade #01-34 | Plaza Singapura #01-28 | Raffles City #02-39 | Wisma Atria #01-27 • Valid from 13 - 23 Nov 2008 Miss Selfridge • Get a sure-win scratch card with every purchase of $80 • Complimentary Miss Selfridge shawl with min. nett purchase of $120 Marina Square #02-115 | Paragon #03-48A | Raffles City #02-31 | Wisma Atria #01-25 • Valid from 13 - 23 Nov 2008 Warehouse • Get a sure-win scratch card with every purchase of $150 • Complimentary Warehouse party clutch with min. nett purchase of $180 Marina Square #02-342 | Raffles City #02-04 | VivoCity #01-72 | Wisma Atria #02-25 • Valid from 13 - 23 Nov 2008 Ben Sherman • Get a sure-win scratch card with every purchase of $150 • Complimentary limited edition Ben Sherman notebook with min.
    [Show full text]
  • Shopping Centre Tours ASIA-PACIFIC Monday, 21 October
    Shopping Centre Tours ASIA-PACIFIC Monday, 21 October SHOPPING CENTRE TOUR 1 Monday, 21 October | Meeting Time: 09:00 am | Meeting Point: Level 2 of Swissotel The Stamford ION Orchard is jointly owned and developed by two of Asia’s top property developers – CapitaLand (Singapore) and Sun Hung Kai Properties (Hong Kong). Since 2009, ION Orchard has been the premier lifestyle and must-visit shopping destination in Singapore. With about 650,000 sq ft of net lettable area spanning over eight levels of retail space, ION Orchard houses more than 290 tenants including key brands such as Louis Vuitton, Cartier, Dior, Patek Phillipe, Prada, Tiffany & Co etc. Situated at the heart of Singapore’s most popular shopping district, Orchard Road, ION Orchard is well connected to the Orchard MRT station and this will be further enhanced with the upcoming Thomson East Line in 2021. As of last year, ION Orchard has generated an annual footfall of over 60million. With its strategic location in the heart of Orchard Road, Paragon has established itself as a premier upscale shopping mall, targeting both tourists and locals, in search of luxury products and quality services. Paragon enjoys a steady footfall of over 18 million per year. Comprising seven storeys of retail space including a basement, the total Net Lettable Area is about 492,000 sq ft. With a total of about 300 tenants, Paragon is the choice mall to many international brands such as Gucci, Prada, Salvatore Ferragamo and Balenciaga. Key anchor tenants of the mall include Metro and Paragon Market Place. Paragon also houses Paragon Medical, a 14-storey tower, in addition to a three- storey tower which sits on top of the retail podium, with a total of 223,000 sq ft of medical suites and offices.
    [Show full text]
  • RETAIL THERAPY [email protected] Firming Retail Market Fundamentals Provide Optimism for 2019
    COLLIERS SEMI-ANNUAL RETAIL | SINGAPORE | RESEARCH | H2 2018 | 1 MARCH 2019 Tricia Song Director and Head | Research | Singapore +65 6531 8536 RETAIL THERAPY [email protected] Firming retail market fundamentals provide optimism for 2019 2018–23 Summary & H2 2018 Full Year 2019 Annual Average Recommendations > Any demand recovery is likely to be two- Singapore’s retail rents may have tiered, with higher demand for malls with sizable catchments and for ground-floor bottomed, even as near-term Demand retail space. -22,000 sq ft 1.56mn sq ft 669,000 sq ft vacancies remain elevated as brand new malls complete and compete. > Elevated new supply in 2018-2019 (est. 3.5% of stock) is well distributed across Singapore. > The government-backed Island-wide supply pipelines should taper off Supply 786,000 sq ft 1.35mn sq ft 569,000 sq ft remaking of Orchard Road over 2020-2023. may herald brighter Annual Average prospects for retailers and HOH/ YOY / Growth 2018–23 / landlords in 2019-2023. End H2 End 2019 End 2023 > We only cover ground floor rents. Ground- > Landlords should adopt a 2.0% 0.8% 1.0% digital-ready strategy, floor rents at Orchard Road and Regional Centres rose 1.4% and 0.4% respectively in diversified tenant mix, and 2018. We expect ground-floor rents to lead Rent SGD41.20* SGD41.55* SGD43.20* have adaptability for both recovery over 2018-2023. consumer and tenant needs. > Island-wide vacancy to improve in 2019- 1.2pp -0.5pp -0.3pp > Investors should seek strata- 2023 as front-loaded supply gets absorbed.
    [Show full text]