Pushcart Rental Rates Summary Aug/Sep 2008

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Dear members

Below is the summary of the pushcart rental rates survey conducted in Aug/Sep 2008.

Rental rates for pushcarts in Singapore were largely stable during the 6 months since the last survey conducted in March 2008. However, there were pockets of rental increase in prime locations, resulting in slight uptrend in average rental rates.

Of the 50 shopping malls surveyed, the following 9 pushcart locations saw increases in rental rates:

• Centrepoint
• China Square Central
• Civic Centre (Woodlands)
• Compass Point
• HarbourFront Centre
• Junction 8
• Plaza Singapura
• Raffles Xchange
• Tiong Bahru Plaza

The steepest increases came from Plaza Singapura and Junction 8, both being managed by Capitaland Retail. Plaza Singapura bumped up its higher end rate from $3,500 to $4,500 per month, while Junction 8 adjusted its lower end rate from $1,800 to $3,000 per month.

As for the rest of the retail locations, rental rates remain largely in the range of $2,000 to $4,000 per month.

The following shopping malls did not make any adjustments to pushcart rental rates in the past 6 months:

• Amara Hotel
• Bugis Junction
• Bukit Panjang Plaza
• Cathay Cineleisure
• Causeway Point
• Century Square
• Chevron House
• Eastpoint Mall
• Far East Plaza
• Far East Square
• Forum The Shopping Mall
• Funan Centre
• Great World City
• HDB Hub Toa Payoh
• Hougang Mall
• IMM
• Jurong Entertainment Centre
• Jurong Point
• Lot One Shoppers' Mall
• MDIS
• Northpoint
• Novena Square (Velocity)
• Park Mall
• Raffles City Shopping Centre
• Republic Poly Pushcart Outside Victoria NLB
• Rivervale Mall
• Sembawang Shopping Centre
• Shaw Plaza (Balestier)
• Sun Plaza
• Suntec City Mall
• Tampines Mall
• Tanglin Mall
• Vivocity
• Wisma Astria
• West Mall

The following shopping malls were added to the list during the course of the survey:

• Ang Mo Kio (AMK) Hub
• Cathay, The
• UE Square

For detailed rental rates, please see Pushcart Locations listing.

Regards
Pushcart Forum .SG

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