Viewpoint | Creating Resilience

Singapore Viewpoint - Omnichannel Retail and its Impact on Singapore real estate

November 3, 2022

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Singapore e-commerce has grown rapidly over the past five years, with expansion accelerating since the pandemic. CBRE Research forecasts online penetration rate to increase to 22% in 2026, driven by the increase in debit and credit card use/ adoption of digital wallets, and the vibrancy of the e-commerce ecosystem.

While physical retail is expected to remain the dominant sales channel, retailers and landlords need to re-invent themselves to embrace omnichannel strategies.

The growth in e-commerce, in addition to manufacturing and trade growth, should continue to drive demand for logistics real estate in Singapore. Logistics occupiers are advised to explore build-to-suit developments and invest in the latest warehouse technologies.