Watch out for these 4 Orchard Shopping Belt sub-precincts retail opportunities

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Real estate firm JLL highlights these 4 as prime investment spots due to their redevelopment and the influx of luxury brands in Orchard

The Orchard shopping belt in Singapore is buzzing with retail opportunities as redevelopment initiatives and an influx of renowned brands continue to shape its four sub-precincts: Orchard, Somerset, Dhoby Ghaut, and Tanglin.

Luxury brands such as Louis Vuitton and Christian Louboutin have recently opened alongside flagship stores like Nike and United Colors of Benetton, breathing new life into the Orchard and Somerset areas.The growing concentration of luxury brands and flagship stores in the Orchard and Somerset sub-precincts has reinvigorated the Orchard shopping belt’s reputation as an internationally renowned shopping destination that attracts domestic shoppers and foreign tourists.

Trifecta, an action sports facility, has become a popular spot for enthusiasts, while Lendlease Global Commercial REIT’s upcoming multifunctional event space is set to host a variety of concerts, events, and innovative food concepts.Plans include creating a pedestrian-friendly stretch along Orchard Road between Buyong Road and Handy Roadnew sheltered “all-weather event space for families.” According to JLL, “These initiatives will be completed progressively from 2025 onward.

Source: News Formal (newsformal.com)

 

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