シンガポールの小売売上、昨年２月以来の縮小

調査会社の調査によれば、シンガポールの小売り売上は７月は年率で前年比０．７％減少し、2011年２月以来の売り上げの収縮ということになったようです。

ヨーロッパの債務危機、中国、インド経済の不振が原因であり、特に宝飾品の売り上げが不振だったとのこと。生活必需品セクターの売り上げは大きく落ち込みはないようです。

REITでは、Starahill GlobalやCapitaMallへの影響が懸念されるというところでしょうか。



にほんブログ村

Retail sales report first contraction since Feb 2011

And yet just another reason to believe that Singapore's now in technical recession.

According to Savills Research, retail sales eased 0.7% year-on- year (YoY) in July, marking the first contraction since February 2011.

Anchor tenants and big-format stores have taken centre stage again, it said, creating spin-off demands under a challenging retail climate, while the Southeast Asian growth story remained a pull factor for international retailers.

Malls in Jurong Gateway exhibited innovative asset enhancements to stay ahead of competition; while JCube is a hotspot for new retail brands and concepts, IMM will be Singapore’s largest outlet destination

Savills estimates that monthly prime suburban rents held firm at S$31.1 per sq ft while those on Orchard Road softened 0.8% to S$35.2 per sq ft.

Here's more from Savills:

Macroeconomic overview

The prolonged eurozone crisis, deceleration of the China and India economies, and strengthening of the Singapore dollar have taken a toll on the retail market. Despite the Great Singapore Sales, retail sales (excluding motor vehicles) failed to take-off, having eased 0.7% YoY in July, the first contraction since February 2011.
The watch and jewellery segment has been in a slump since May, although necessities expenditure, such as supermarkets, remained healthy, which could partly be attributed to Singapore’s expanding population.

Southeast Asia continued to be a bright spot, bucking the deceleration trend that plagues many nations. According to the International Monetary Fund, the ASEAN-51 economy is projected to grow 5.4% this year, up from 2011’s 4.5%. The Singapore brand as an investment destination2 makes it well-positioned to ride on this growth. Meanwhile, hefty government spending in areas such as housing, tourism and transport have sustained employment and helped to avert a hard landing. In its latest forecast, the Ministry of Trade and Industry estimated that the Singapore economy will expand by 1.5% to 2.5% this year.