SPH Commercial District overcame market adversity and successfully leased out all stores

Against the backdrop of current challenges in the overall market economy, the physical retail industry is generally facing operational difficulties. Since 2024, stores within shopping districts have frequently encountered multiple challenges, including subleasing, early lease terminations, and non-renewal of expiring leases.

To actively respond to and overcome this severe situation, the SPH shopping district management team closely aligned with the higher-level strategy of 'seeking progress while maintaining stability and attracting new tenants while retaining old ones.' They took a dual approach, actively exploring new avenues for tenant recruitment while fully addressing the challenges faced by existing merchants to strengthen their confidence through concrete actions. As a result of their relentless efforts, by the end of August, SPH shopping district successfully reached renewal agreements and contract transfers with multiple merchants, filling all vacant stores and achieving the goal of fully leasing the shopping district.

This achievement not only demonstrates the tenacity and wisdom of SPH Commercial District in seeking breakthroughs in adversity, but also reflects the business management team's profound insight into and active response to merchant needs. SPH Commercial District takes this comprehensive leasing as an opportunity to further consolidate its status as a landmark of commercial prosperity and lay a solid foundation for future sustainable development and prosperity.