MBS' luxury mall rings out 2018 with record revenue of US$179m

Singapore

THE cash registers rang loud and clear throughout 2018 at The Shoppes at Marina Bay Sands (MBS), with the luxury mall racking up its highest sales revenue in a calendar year since the integrated resort (IR) opened its doors nearly nine years ago.

The mall, which has an occupancy rate of 95.4 per cent, raked in a record revenue of US$179 million last year, up 7 per cent from 2017. Retail tenant sales went up by 19 per cent in 2018 to reach US$1,898 per square foot.