Hong Kong economy has gotten a boost from staycations and dining deals as the COVID-19 situation picks up. Why do you think this works for Hong Kong and can we expect this for Singapore? - Seedly
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Anonymous

Asked on 23 Jun 2020

Hong Kong economy has gotten a boost from staycations and dining deals as the COVID-19 situation picks up. Why do you think this works for Hong Kong and can we expect this for Singapore?

Already we've seen an 80% jump in shopper traffic in popular malls here in Singapore.

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Yep I think we can see a similar trend in Singapore. Malls are a big part of SG and as a result of circuit breaker, many people have probably gotten cabin fever (to some extent or another) and long to go out! Also, with zero to little chances of travelling overseas, everyone's pretty much confined to the limited places they can visit in SG :) Buyer habits and purchasing decisions have also been shaped by lockdown so people are more certain of what they wish to buy when visiting a physical store. They probably either bought it online or did plenty of research before choosing to get something at a brick and mortar store!

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