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Suburban malls doing better than those in central region; FCT among top picks: OCBC
Published Thu, Nov 12, 2020 · 09:50 PM
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Singapore
SUBURBAN malls are outperforming those located elsewhere even as online shopping gains in popularity, OCBC says.
In a commentary on Singapore retail real estate investment trusts (Reits), OCBC credit analyst Seow Zhi Qi noted that online sales rose to a high of S$479 million in June to account for 18.7 per cent of total sales.
Online sales made up 5 per cent of total sales in 2018, and 5.8 p…
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