2022 2022 2023 2023 PORTFOLIO TENANT SALES PER SQ FT (S$/SQ FT/MONTH) PORTFOLIO TENANT SALES BY QUANTUM (S$ BILLION) 100 50 0 5.0 2.5 0 Retail: Performance of Singapore Tenant Sales by Trade Categories The top five retail trade categories, collectively accounted for more than 69% of FY 2023 retail GRI (including gross turnover rent), include Food & Beverage (F&B), Beauty & Health, Fashion, Supermarket and Home Furnishing. These top five retail trade categories registered a 1.7% YoY increase in FY 2023 on a combined basis. In line with post-pandemic trends, F&B, Fashion, Beauty & Health trade categories experienced growth, while Electrical & Electronics, Jewellery & Watches, Sporting Goods, Supermarket and Home Furnishing trade categories declined YoY. This shift reflected consumers’ preference for dining out and personal grooming over big-ticket items on the back of increasing job market uncertainties, moderating wage growth and the hike in goods and services tax (GST). Notably, trade categories such as 1) Shoes & Bags also performed well during the year, mainly due to expenditures on travel accessories, 2) Services mainly from higher sales from clinics and traditional chinese medicine, 3) Leisure and Entertainment with the recovery of the entertainment sector. Suburban Mall 1.9% Suburban Mall 1.8% Downtown Mall 2.5% Downtown Mall 8.8% FY 2023 TENANT SALES PER SQ FT i (YOY PERFORMANCE) FY 2023 TENANT SALES BY QUANTUM (YOY PERFORMANCE) 1.8% 4.7% i Tenant sales per sq ft adjusted for non-trading days 60 CAPITALAND INTEGRATED COMMERCIAL TRUST OPERATIONS REVIEW RETAIL
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