Against an uncertain geopolitical climate, rental growth for prime retail properties in Singapore is expected to remain measured in 2026, despite growth in international visitor arrivals. According to a 1Q2026 Retail Market report by Knight Frank Singapore, there were 12.9 million international visitor arrivals that resulted in a corresponding $23.9 billion in tourism receipts from January to September 2025. For the entire 2025, the consultancy expects that visitor spending will exceed the $29.8 billion that was recorded in 2024. In 1Q2026, Singapore welcomed 4.4 million international tourists, which is a 9.8% q-o-q increase compared to the incoming arrivals in 4Q2025, and is 2.8% y-o-y higher compared to the visitor arrivals in 1Q2025. As Singapore strengthens its position as a regional entertainment and events hub, the positive impact on tourist numbers is likely to continue, which in turn impacts on prime retail sales and rental. Despite cost pressures from geopolitical shocks, Singapore’s prime retail properties can retain their competitive edge if landlords and retailers are able to work...