Heartland malls in areas with less retail space per capita may recover more quickly

Singapore

THE recovery of suburban malls will likely be uneven across different locations in Singapore, due to the varying tenant mixes, shopping experiences and catchment sizes.

Retail spaces in predominantly residential zones may emerge as more resilient amid limited competition, said the National University of Singapore's Institute of Real Estate and Urban Studies (IREUS), going by its analysis of retail space per Singapore resident in each area.

The overall retail sector has been reeling from the impact of the Covid-19 pandemic, with many shopping centres seeing lower footf…

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