EYE ON ECONOMY
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
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.
TRENDING NOW
The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Why Asean matters more than ever to the UK and Singapore
When every phone becomes a satellite phone, what happens to Asia’s telcos?
