SINGAPORE: Malls Suffer As Locals, Tourists Curb Spending

Singapore’s reputation as a shoppers’ paradise, which saw investors pour S$10bn into retail developments here in the past five years, is taking a pummelling because of weakness in the local economy and a drop in spending by tourists.

Read the full article on the Reuters website

NAM Implications:
  • Anyone with a serious interest in the impact of a downturn in Chinese tourist-shopping, real-estate knock-on in terms of vacant space, and price-based competition in tourists’ home markets will benefit from reading the Reuters source article