Will Phase Two of reopening spur recovery for shops, restaurants and Reits?
Retailers serving wealthy consumers stand best chance of achieving sales exceeding pre-pandemic levels
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ON Friday, the first day of Phase Two of Singapore's reopening process, I ventured out of my house to a food and beverage outlet that served alcoholic refreshments to meet some friends with whom I frequently communicate via a WhatsApp chat group.
In keeping with the current limits on social gatherings, I was hoping for a turnout of no more than four other people.
Only two turned up.
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