Data on Retail Space Occupancy Trends and Vacancy Rates in Past 10 Years

Mr Abdul Muhaimin Abdul Malik asked the Minister for National Development for each of the past 10 years and by URA Planning Area, what is the number and proportion of retail units that have remained vacant for (i) more than six months and (ii) more than 12 months, respectively.

Mr Chee Hong Tat: It is more meaningful to measure retail vacancies by floor area rather than by number of units, as retail units can vary considerably in size. Retail vacancies are also measured on an aggregated basis rather than on a unit-basis, as the size and configuration of retail units can change over time.

The vacancy rates of retail properties in the Central Region and Outside Central Region over the past 10 years, as a proportion of floor area, are shown in the table below: