FREEHOLD Retail Shops
for Sale Singapore
Shopping is one of the most popular activities that Singapore residents do. It rivals the passion for good food and more retail shops are popping up every year.
There are people who shop for goods and there are those who shop for services. Retail shops requirements are slightly different. Admittedly the online shopping is challenging the brick and mortar retail shopping. It will be wise to combine both tactics (offline and online) and provide the personal service touch that online cannot provide. Moreover, for some products, buyers would need to touch and feel them before committing a purchase.
For branded goods retails, they would prefer ground floor units and perhaps on the second level. For services, there is really no need to be on the ground floor.
As can be expected, freehold retail shops are rare with the limited space in Singapore. There is an on-going trend where developments are mixed with residents, office and even medical suites.
Freehold Retails Shops From Developers
(Updated 16 January 2024)
- Super Rare FREEHOLD Commercial Mall, Next at Katong/East Coast
- Close to Hotels and Residential Houses
- The Flow Mall is only 195m Up-coming Marine Parade MRT station
- Each unit with attached toilet
- 2-level shop allowing shop owners to have flexible configurations
- Retails shops are getting more attractive with less pandemic restrictions
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Prices
Retail Shops From S$2,3XX,XXX; psf from $2,9XX
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Sizes
Retail Shops from 775 to 904 sqft (72 to 84 sqm)
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Location
District 15, East Coast Road
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Completion (or TOP)
Completed Already
Need Of Having A Physical Shop
In Singapore context, Local online retailer Reebonz have set up pop-up stores in Suntec City and VivoCity. Well-known retailers like Hermes, Gucci and Apple have likewise created 'showrooms' in their physical shops to enable clients to contact, feel, and experience their flow scope of purchases.
Obviously, the offer of having physical shops remains a key factor for neighborhood retailers in their business strategy.
Ecommerce retailers have understood the natural benefit of involving a physical space, as indicated by a 2017 study from the International Council of Shopping Centers.
The discoveries uncovered that 69% of customers who shopped on the web and went to the physical store to get their requests were probably going to buy extra things while at the physical shops.
The top three factors on influencing a buyer are value for money, good customer service and quality products.
While these qualities and encounters can be tended to by an online business stage, the 'human touch' viewpoint remains the pivotal separating factor at the physical store.
Retailers understood the concept of showrooming exclusive in-store advertising and promotions, and the adoption of social spaces in-store were techniques that could enable drive to activity back to brick and motar stores.
Ecommerce retail players can try to work with existing block and mortar proprietors, to enable clients to gather their stock at their accomplice's physical stores.
Looking ahead, conventional retailers can explore integrating click-and-collect services in their existing physical stores, which may help reduce warehousing and additional manpower costs over the long term.
There is a need to foster a good online-offline relationship, with the added emphasis of convenience to customers' shopping experiences.
As such, retail shop owners or tenant will have to revisit the needs to own a physical store, while maintaing a strong ecommerce prescene. This is likely the stage for the modern shopping industry in Singapore.
Have a Chat With Us
CosySingapore Consultants
Commercial Properties Singapore
8.00 am to 10.00 pm
Hotline: +65 6100 8123
Email: CosySingapore@gmail.com
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