'Resilient' suburban malls lift FCT tenants' sales above pre-Covid levels
A shift towards more purposeful visits to the retail malls is one of the reasons cited for this trend
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Singapore
EVOLVING shopping trends amid the pandemic has lifted sales by tenants at Frasers Centrepoint Trust's (FCT) portfolio of suburban retail malls to above pre-Covid levels in its first quarter ended December.
Portfolio tenants' sales rose 2 percentage points to draw level with pre-Covid levels in October 2021, before edging 1 per cent higher in November.
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