8 suburban areas to watch for retail investment

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pstrongThese areas have low provision of retail space compared to resident populations./strong/p pThe planning areas of Sengkang, Choa Chu Kang, Punggol, Bukit Batok, Woodlands, Bedok, Yishun and Jurong West offer strong potential for retailers to enhance their trading performance.

The planning areas of Sengkang, Choa Chu Kang, Punggol, Bukit Batok, Woodlands, Bedok, Yishun and Jurong West offer strong potential for retailers to enhance their trading performance.

Apart from having a sizeable population base of more than 150,000, JLL believes the eight areas will benefit from"growing resident catchment alongside the completion of built-to-order units over the next five years. "Woodlands expects to see some 7,000–7,500 BTO units over the next five years, while Yishun anticipates about 5,0005,500 coming on-stream in the same period," JLL commented.For planning areas with a population base of 100,000-150,000, JLL said Bukit Panjang, Paris Ris, and Sembawang are standouts, given their notably low retail space provisions relative to the resident population.

Bukit Panjang, with a retail space per capita of 4.4, is home to Bukit Panjang Plaza, which also enjoys 100% occupancy.

 

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