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.