The revamped concept will be modeled after Japan’s renowned Shinjuku and Harajuku shopping districts and will target mainly the young and hip generation of shoppers. While Takashimaya recorded a 3.1% growth in turnover, sales at Seiyu and Daimaru declined by 0.6% and 2.5% respectively. Sales in 2002 are projected to remain flat for Seiyu and Daimaru, while Takashimaya is expecting a 2% increase in sales.

Meanwhile, Seiyu will be closing down its 55,000 sf outlet at Parkway Parade in April 2002 but will be looking for alternative locations.

Rental values fell in general across Singapore during 4Q 2001. In the central area (including the Orchard Road and Marina Centre/ City Hall areas), rentals of private retail space dropped 6.3% against the previous quarter.

For 1Q 2002, our indications showed that rentals of prime space in the various sub-markets remained resilient despite an overall decline in rentals in general.” House valuation estimate is gainful for both individuals the individuals who are speculations to offer their home or whether who is not thinking to offer their home.

next posts >>