String of new malls to fire up shopping scene
Published on May 9, 2014 6:21 AM
Shoppers can expect more places to splash their cash at with a string of new malls scheduled to open by the end of the year.
An estimated 1.9 million sq ft of additional shop space will be ready by December, comprising about half the 4.1 million sq ft expected to come onstream in the next four years.
Just last year, a total of 1.57 million sq ft of net lettable area opened at major retail malls, said property consultancy Knight Frank.
"Much of the new space will be concentrated in the central area and its fringes," said Mr Alan Cheong, research head at Savills Singapore.
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