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BT EXCLUSIVE

Newer strata malls fail to deliver

So far, they've delivered lower-than-expected rents, footfall and occupancy, disappointing their investors

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So far, newer strata malls 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...

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