Newer strata malls fail to deliver
So far, they've delivered lower-than-expected rents, footfall and occupancy, disappointing their investors
Singapore
MR TAN Meng Khiang invested in a 187 sq ft strata retail unit at mixed development One Dusun Residences a few years ago, thinking it would be a good Balestier neighbourhood mall for the nearby condos.
But the returns are not yet what he had hoped for, after its completion in 2016.
TRENDING NOW
China narrows AI gap with US as open-source shift could hit valuations: George Yeo
‘So little’?: Why critics of Temasek’s 10.5% returns in a bull run are getting it wrong
Samsung, SK Hynix and leveraged ETFs drive 70% of Korea trading, drawing criticism
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects