Singapore is just finishing four years of robust expansion of its retailing space, but the pipeline is thin. It should stay that way, given that the economy may not grow at all this year amid escalating U.S.-China trade tensions.
SINGAPORE'S property industry is coming to terms with the idea that, in about a decade, the city may no longer have a central business district. Landlords couldn’t be more chuffed.
There will still be offices, but without the rigid boundary between places where people work, and where they live and shop and dine.
Local developer GuocoLand Ltd. is among the first to run with the Urban Redevelopment Agency’s draft blueprint for a makeover of Singapore’s landscape.
The company’s S$2.4 billion ($1.8 billion) Midtown project, a two-minute drive from City Hall, will have a 30-floor office tower, a 32-story apartment block and about 32,000 square feet of retail. The design of the condominium units will be unveiled next week.
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