What happened, and who moved.
5 items
The Bank of Korea lifted its benchmark rate by 25 basis points to 2.75% in July and its deputy governor warned that further hikes are likely as core inflation stays elevated.
Deloitte Singapore will move its headquarters to Orchard Central in 2027, reflecting increasing corporate occupancy on Orchard Road.
DP Architects and PSB Academy will relocate from Marina Square to SingPost Centre and two Tai Seng properties, exiting the mall by early 2027 ahead of its partial redevelopment.
CapitaLand Integrated Commercial Trust completed its S$3.9 billion acquisition of Paragon mall on July 1 and is planning to reconfigure areas such as the former Metro department‑store space.
Singapore retail REITs reported tighter yields and high occupancy, with rent reversions of 5‑9% in FY2024 supporting positive analyst sentiment.