The prime facing areas within the orchard malls have experienced rental levels fall by 4% across the first three quarters of the year, compared to a 2.9% fall for the suburban malls during the same period of time. That sharper decline contributed to the declining rental gap between these groups of shopping malls for Somerset Cairnhill Nine.

Besides the generally hard economic times affecting Singapore, both suburban and orchard malls have lost out on sales to online retailers. If a strategy is not developed to counter the popularity of online shopping then that could adversely affect rental levels still further. That of course could also influence whether or not the Cairnhill Nine Grand Cairnhill Condo rental gap continued to narrow.

Cairnhill Nine Condo Somerset

Further declines in rent are predicted, a fall of around 2% for the suburban malls near Capitaland Cairnhill Nine, and a larger fall in the region …