Singapore Retail Floor Space Supply
1
(million sq ft)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Shopping Centre
Forecast
Others
2
43.8 45.2
49.3 49.9
52.3
54.9
57.4 58.9 60.2 61.8 63.5
64.7 65.3 65.9
67.6 68.4
Source: Urbis.
1 As at end of each year.
2 Others refer to other forms of retail space such as Housing Development Board’s shop space.
RETAIL FLOOR SPACE PER CAPITA
We estimate the retail floor space per capita in Singapore to be approximately 11.6 sq ft NLA in 2014.
On the basis of known forthcoming retail developments, this figure is expected to remain relatively
stable to 2019, growing only slightly to 11.7 sq ft NLA. The provision of retail floor space per capita
in Singapore is largely in line with Hong Kong (11.5 sq ft NLA), and remains lower than South Korea
(12.3 sq ft NLA), China (12.3 sq ft NLA) and Japan (14.8 sq ft NLA).
Total Retail Floor Space Per Capita
(sq ft NLA)
40.1
22.0
14.8
12.3
11.7
11.6
11.5
12.3
USA (2012)
Australia (2013)
Japan (2012)
China (2013)
Singapore (2019)
Singapore (2014)
Hong Kong (2013)
South Korea (2013)
Source: Urbis.
Leading with Confidence | 81
