Retail sector growth slows: Savills
Property GuruProperty Guru – Tue, Dec 18, 2012
by Cheryl Tay
The Christmas season has brought little joy to retailers as they face lacklustre sales, according to the Q4 2012 Retail Briefing by Savills Research.
Excluding motor vehicles, retail sales posted a growth of 1.3 percent. However, year-on-year growth slowed to -0.6 percent (4.1 percent since April 2012). At the same time, sales of jewellery and watches — a measure of discretionary spending — fell for six straight months in October.
Retailers were also generally cautious in expanding their stores in H2 2012, with several looking to consolidate their operations. Nevertheless, existing retailers and new entrants who increased their presence were offered space with attractive rents and strategic locations.
Stores that expanded include famous brands such as Uniqlo, Toys"R"Us, Sephora, Lowrys Farm, Isetan and H&M. The latter opened its second store in ION Orchard, while Babies"R"Us and Toys"R"Us opened two adjacent stores in City Square Mall (pictured), with a combined area of 25,000 sq ft.
In addition, two malls — Chinatown Point and Plaza Singapura's new wing — opened in November. Formerly known as The Atrium@Orchard, the new wing increased Plaza Singapura's net leasable area to 629,000 sq ft from 498,150 sq ft.
Average prime rents on Orchard Road slid to S$35.1 psf pm in Q4 from S$35.2 in the previous quarter, while rents in prime suburban areas remained at S$31.1 psf pm.
"In the absence of extreme shocks, such as the 2009 supply onslaught of nearly 1.3 million sq ft on Orchard Road and negative GDP growth, we expect just a mild rental correction of up to three percent in the main shopping belt," said Alan Cheong, Director at Savills Research Singapore.Cheryl Tay, Editor of CommericalGuru, wrote this story. To contact her about this or other stories, email cheryltay@allproperty.com.sg
- wong chee tat :)
Showing posts with label Ion Orchard. Show all posts
Showing posts with label Ion Orchard. Show all posts
Monday, December 24, 2012
Monday, November 1, 2010
75% of units at The Glyndebourne snapped up over weekend
 |
||||||
 artist's impression |
||||||
SINGAPORE : A 150-unit freehold condominium, The Glyndebourne, met with good response over the weekend's private preview.
City Developments (CDL) said in a statement that 75 per cent, or 112 units, of the development have been sold over the weekend.
The selling price ranged from S$1,900 to S$2,350 per square foot, giving an average price of about S$2,100 per square foot.
The development, which comprises eight towers of 5-storey residential apartments, is situated in District 11 on the site where the Copthorne Orchid Hotel Singapore currently stands on.
The site has an area of 180,000 square feet and is a mere 5-minute drive from the Orchard Road shopping belt, said CDL. It is also within walking distance to the upcoming Botanic Gardens and Stevens Road MRT Stations, which are scheduled for completion in 2015.
CDL's group general manager, Chia Ngiang Hong, said: "Based on feedback from our buyers, the development's excellent location and easy access to amenities is a key draw.
"Its freehold status, sizable plot of land and the array of well appointed, quality apartments with various sizes to cater to the differing needs of our clients are also plus points."
He added that "The Glyndebourne offers exceptional value for a prime property in District 11".
All 1-bedroom plus study, 2-bedroom and 3-bedroom plus study units have been snapped up. Ten out of the 23 penthouses have also been sold.
CDL said 70 per cent of the buyers are Singaporeans, with the remaining 30 per cent taken up by permanent residents and foreigners from Malaysia, US, Indonesia, China, India, Myanmar, Korea, Thailand, Taiwan and Brunei.
- CNA/al
- wong chee tat :)
Thursday, May 7, 2009
WDA, e2i embark on recruitment drive for ION Orchard
WDA, e2i embark on recruitment drive for ION Orchard
By 938 LIVE | Posted: 06 May 2009 1255 hrs
SINGAPORE: The extensive recruitment exercise for the 3,000 job vacancies in the ION Orchard shopping mall has kicked off with a search to immediately fill up to 1,500 positions in the initial recruitment phase on Wednesday.
About 20 per cent of the 1,500 positions are suitable for professionals, managers, executives and technicians (PMETS) and fresh graduates.
Of the 1,500 vacancies, some 70 per cent will be for retail positions and 30 per cent will be in the food and beverage sector.
The recruitment is done in partnership with the NTUC's Employment and Employability Institute (e2i) and the Workforce Development Agency (WDA). E2i's role is to reach out to the public and invite interested jobseekers to attend the job fairs.
At the fair, the e2i employability coaches will identify suitable jobseekers who possess the right aptitude for the jobs, and enroll them for suitable training to acquire relevant skills.
The tripartite collaboration also extends to efforts to enhance local workers' customer service skills and to boost the overall image and professionalism of Singapore's service industry.
The partners will be providing successful candidates with the certified service professional training developed by WDA.
The training programme will cover service quality, etiquette, grooming and interpersonal skills to further enhance the candidates' service competency prior to their employment by ION Orchard. The training programme is recommended for all successful candidates hired through the recruitment initiative.
As at 6pm on Tuesday, some 3,000 job seekers have registered via sms, e2i's website and hotline.
Jobseekers who are looking for a career at ION Orchard may continue to register online or call the e2i hotline at 6474 3777. Registration closes at 6.00pm on Thursday.
- 938LIVE/yt
- wong chee tat :)
By 938 LIVE | Posted: 06 May 2009 1255 hrs
SINGAPORE: The extensive recruitment exercise for the 3,000 job vacancies in the ION Orchard shopping mall has kicked off with a search to immediately fill up to 1,500 positions in the initial recruitment phase on Wednesday.
About 20 per cent of the 1,500 positions are suitable for professionals, managers, executives and technicians (PMETS) and fresh graduates.
Of the 1,500 vacancies, some 70 per cent will be for retail positions and 30 per cent will be in the food and beverage sector.
The recruitment is done in partnership with the NTUC's Employment and Employability Institute (e2i) and the Workforce Development Agency (WDA). E2i's role is to reach out to the public and invite interested jobseekers to attend the job fairs.
At the fair, the e2i employability coaches will identify suitable jobseekers who possess the right aptitude for the jobs, and enroll them for suitable training to acquire relevant skills.
The tripartite collaboration also extends to efforts to enhance local workers' customer service skills and to boost the overall image and professionalism of Singapore's service industry.
The partners will be providing successful candidates with the certified service professional training developed by WDA.
The training programme will cover service quality, etiquette, grooming and interpersonal skills to further enhance the candidates' service competency prior to their employment by ION Orchard. The training programme is recommended for all successful candidates hired through the recruitment initiative.
As at 6pm on Tuesday, some 3,000 job seekers have registered via sms, e2i's website and hotline.
Jobseekers who are looking for a career at ION Orchard may continue to register online or call the e2i hotline at 6474 3777. Registration closes at 6.00pm on Thursday.
- 938LIVE/yt
- wong chee tat :)
Monday, April 13, 2009
3000 jobs at Ion Orchard
3000 jobs at Ion Orchard
About 3,000 jobs for shop assistants, customer service officers and even administrative managers are up for grabs at the soon-to-be opened Ion Orchard mall. --ST PHOTO: WANG HUI FEN
ABOUT 3,000 jobs for shop assistants, customer service officers and even administrative managers are up for grabs at the soon-to-be opened Ion Orchard mall.
The shopping centre, located above Orchard MRT station, is the latest outfit to tie up with the Workforce Development Agency (WDA) and the Employment and Employability Institute (e2i) to find the right people for the jobs.
On Monday, it launched a recruitment drive on behalf of its 300 tenants, such as Burberry, Club 21 and Muji.
From now until next Friday, jobseekers can register through the e2i hotline at 6474-3777 from 9am to 6pm on Mondays to Fridays.
People can also visit www.e2i.com.sg/events_ION_Orchard to register online.
WDA and e2i will screen applicants and match them with employers.
After registering, jobseekers may also be invited to attend networking sessions to meet with the brands' representatives.
| By Serene Luo | ||
 |  | |
About 3,000 jobs for shop assistants, customer service officers and even administrative managers are up for grabs at the soon-to-be opened Ion Orchard mall. --ST PHOTO: WANG HUI FEN
ABOUT 3,000 jobs for shop assistants, customer service officers and even administrative managers are up for grabs at the soon-to-be opened Ion Orchard mall.
The shopping centre, located above Orchard MRT station, is the latest outfit to tie up with the Workforce Development Agency (WDA) and the Employment and Employability Institute (e2i) to find the right people for the jobs.
On Monday, it launched a recruitment drive on behalf of its 300 tenants, such as Burberry, Club 21 and Muji.
From now until next Friday, jobseekers can register through the e2i hotline at 6474-3777 from 9am to 6pm on Mondays to Fridays.
People can also visit www.e2i.com.sg/events_ION_Orchard to register online.
WDA and e2i will screen applicants and match them with employers.
After registering, jobseekers may also be invited to attend networking sessions to meet with the brands' representatives.
- wong chee tat :)
Subscribe to:
Posts (Atom)