10/10/2026
Singapore’s F&B industry is facing one of its most challenging operating environments in recent years.
Yet some rental expectations seem completely disconnected from what’s happening on the ground.
Landlords, developers and property agents all have a role in shaping those expectations. But projected returns and historical rental benchmarks don’t guarantee what the market can support today.
Having spent over two decades in the F&B industry, we’ve seen market cycles come and go. And the disconnect between asking rents and commercial viability deserves a serious conversation.
Property ownership is an investment. Operating an F&B business is another.
Neither guarantees a return.
Landlords and F&B operators — are rental expectations still realistic in today’s market? Let’s hear both sides.