Tourism recovery continues to support retail spending

Orchard Road remains one of Singapore’s key shopping and lifestyle destinations for tourists, especially high-spending visitors from China and India. The recovery in tourism is expected to continue boosting retail sales, dining, luxury shopping, beauty, and lifestyle spending within the Orchard precinct.

Major events, concerts, international conferences, and Formula One activities are also helping to increase footfall and vibrancy along Orchard Road.

Rising wealth supports luxury retail growth

The growth of affluent consumers and rising regional wealth continue to support demand for luxury retail in Orchard Road. Many international luxury brands are expanding and opening flagship stores within the precinct, strengthening Orchard Road’s position as Singapore’s premier luxury shopping destination.

Prime malls with strong branding, visibility, and high footfall are expected to continue outperforming the market.

New international F&B and lifestyle brands drive leasing demand

Food and beverage operators remain one of the strongest retail leasing segments in Orchard Road. New and unique international dining concepts, especially brands from China and other regional markets, continue to enter Singapore and attract strong consumer interest.

These new lifestyle and dining offerings help enhance Orchard Road’s appeal as a social and experiential destination, while also supporting leasing demand in prime retail malls.

Limited availability of prime Orchard retail properties

The supply of prime retail properties in Orchard Road remains limited, as many major shopping malls are tightly held by REITs and institutional owners primarily for long-term leasing purposes rather than sale.

This limited availability of prime retail assets helps support long-term value and rental stability within the Orchard market. This constrained pipeline is favourable for prime Orchard assets, particularly those with strong frontage, MRT connectivity, and established footfall.

Rejuvenation of older Orchard buildings through redevelopment and en bloc activities

Older and less prominent retail properties along Orchard Road are increasingly facing pressure to reposition and upgrade. Ongoing redevelopment and en bloc activities are contributing to the rejuvenation of ageing buildings within the precinct.

New mixed-use and commercial developments are expected to attract new international brands, modern retail concepts, and experiential lifestyle offerings, further enhancing Orchard Road’s attractiveness and long-term growth potential.

And with the en bloc redevelopment of Centrepoint’s rear portion leading to a net reduction of retail supply along this stretch of Orchard Road, this structural shift works directly in Midpoint Orchard’s favour. Less competing retail space in the immediate vicinity and Midpoint Orchard’s direct Orchard Road frontage stand to capture a greater share of footfall and retail spend.

Rising prime retail rents may benefit investors

Prime retail rents in Orchard Road are expected to continue rising, with projected growth of about 1% to 2.5% in 2026, supported by limited supply and strong demand for quality retail space. Well-located malls with strong frontage, visibility, and high pedestrian traffic continue to enjoy healthy occupancy and leasing demand.

Luxury-focused malls and high-footfall retail properties are expected to outperform secondary retail spaces, further strengthening the appeal of prime Orchard Road assets.

For investors, the positive rental outlook may support stronger rental returns, long-term capital appreciation, and steady tenant demand for well-positioned retail units within the Orchard Shopping Belt.

Freehold tenure for legacy preservation

The absence of lease decay allows the asset to hold its value perpetually. And with its prime Orchard Road address, direct proximity to Somerset MRT station,  and a high footfall bus stop frontage, Midpoint Orchard generates consistent traffic.

A key differentiator of this investment is the operational leverage available. With 50% coverage of Level 1 retail units, the investor retains direct influence over the ground floor tenant mix — a critical determinant of footfall quality and asset performance across all floors.  A strategically curated tenant profile at street level can drive destination appeal, support upper floor occupancy, and position the asset for sustainable income generation. 

An increasingly compelling precinct, catering to every lifestyle demographic

The launch of L^ife, a new lifestyle destination at *Scape that blends retail, food, entertainment, and community experiences, looks set the boost the attractiveness of the precinct. It marks a deliberate move to draw Singapore’s younger demographic into the heart of Orchard Road.

Positioned alongside established luxury flagships, international brands, and family-oriented anchors, this addition completes a retail offer that serves every visitor profile — from locals, tourists and young professionals to families, luxury buyers and everyday shoppers. No other retail corridor in Singapore captures that full demographic range within a single, walkable precinct.