Percentage lease agreement as a shopping center management tool: a panacea for Singapore’s retail industry woes?

Abstract

The retail industry of Singapore has been in a depression since 1993, as a result of structural problems which are a function of, among other things, over‐supply of retail space vis‐à‐vis retail performance, and rising rentals. This paper argues that percentage lease agreements (also called “turnover rents”), by fostering partnerships between landlords and tenants, could be a viable shopping center management tool for salvaging the retail industry of Singapore.

Citation

Addae‐Dapaah, K. and Yeo, C. (1999), "Percentage lease agreement as a shopping center management tool: a panacea for Singapore’s retail industry woes?", Property Management, Vol. 17 No. 1, pp. 24-36. https://doi.org/10.1108/02637479910370679