New retailers sprouting in Singapore, but more shop spaces stand empty
This has been attributed to budding retailers setting up and operating from home during the pandemic
Add BT as a preferred source
Singapore
MANY brick-and-mortar shops are likely to remain unoccupied even if the overall number of businesses in the sector continues to grow, with more retailers working from home and starting their ventures online.
Going by data compiled by the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore, the take-up of retail units across Singapore has been slow despite a net increase in retail entities from pre-pandemic levels.
TRENDING NOW
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
