facebookWill retail apocalypse that affected US retail also affect Singapore Retail Reits sector? 3 shop units in CCK Lot One Shopping Mall remain empty for at least 3 months which never happened in the past. - Seedly

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Anonymous

27 May 2019

SeedlyTV

Will retail apocalypse that affected US retail also affect Singapore Retail Reits sector? 3 shop units in CCK Lot One Shopping Mall remain empty for at least 3 months which never happened in the past.

SeedlyTV S1E05

Discussion (1)

What are your thoughts?

Vincent Tan Wen Bin

Vincent Tan Wen Bin

27 May 2019

Level 7·Assistant Vice President at Thinkers Alliance

It really depends on the property mangement. Retail has not been easy and if you have notice, a lot of shopping malls change their strategy to have more eateries and restaurants in it. Retail shopping has been on a downward trend with the rising ecommerce industry.

The big retail malls does not have much issue filling the space, the only concern are the smaller stratamalls that do not have as much foot fall.

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