Singapore malls turn quiet with retailers hit on multiple fronts
Weakness in local economy, drop in tourist spending, space oversupply, strong S$ among factors cited
Tue, Jun 07, 2016 - 5:50 AM
More than two million square feet of new retail space will be ready for occupation in Singapore by the end of 2017, and it won't be easy to find tenants.
PHOTO: NG SOR LUAN/THE STRAITS TIMES
AFTER serving only a handful of customers in five hours on a recent weekday, Sam Goh said he was worried the sportswear shop he manages, LIV ACTIV, will eventually join other brands in leaving Singapore's Orchard Road shopping boulevard.