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AsiaMalls' portfolio holding up in retail downturn

Revenue for 4 of the 6 malls up 2.1% in 2015 with tenant sales improving 1.3% y-o-y despite a 2% drop in footfall


DESPITE battling headwinds in the retail sector, property management company AsiaMalls Management turned in a decent performance last year for the six shopping malls that it manages in Singapore, meeting the target of the fund holding these assets.

Revenue for the malls,...

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