EYE ON ECONOMY
·
SUBSCRIBERS
2020 property investment up even as retail consumption slides
Post-lockdown, well-heeled locals free to view new flats; retail sector still hurting without tourism dollar
Add BT as a preferred source
Published Sun, Jan 24, 2021 · 09:50 PM
Singapore
NEW private homes were high on the shopping list for some in Singapore last year.
But the same cannot be said for retail spending, which has not fully recovered given fewer tourists here to wine and dine, while snapping up cosmetics and other discretionary items.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
