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DBS: Suburban malls 'safer bet' than Orchard Rd malls

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Vivienne Tay

Vivienne Tay

Published Mon, Aug 31, 2020 · 09:50 PM

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Singapore

DBS Group Research on Monday called malls with suburban characteristics a "safer bet" when compared to tourist-focused Orchard Road malls - which will likely lag and not return to optimal capacity given the lack of tourists in the near term.

However, a surprise may come from more office workers returning to offices by end-2020, said DBS analyst Derek Tan in a research note.

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