Manpower curbs to have a negative impact on demand.
According to Jones Lang LaSalle, occupancy rates remained firm in 4Q13, due to newly completed projects opening at full occupancy.
In the Primary submarket, Robinsons Orchard, formerly The Heeren, opened with six floors of retail and F&B space and 380 new brands, of which more than 280 are exclusive to Robinsons Orchard. Bedok Mall and Westgate Mall, two malls by CapitaMalls Asia, opened just in time for the Christmas holiday in the Suburban submarket, at full or near full occupancy, respectively.
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