MBS' luxury mall rings out 2018 with record revenue of US$179m
The Shoppes at integrated resort also maintained pole position in tourism shopping; top spenders from China, Indonesia, Malaysia, Vietnam
Add BT as a preferred source
Lee U-Wen
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
