Commentary

Why investors love Singapore's struggling malls

HONG KONG • Singaporeans aren't spending like they used to, at least not in shopping malls. There are too many already and more are being built. But investors still have good reasons to back mall owners.

The city state has 6.1 million sq m of retail space, of which 8.7 per cent is vacant. Yet companies are forecast to add a further 364,000 sq m, with the biggest chunk hitting the market this year.

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A version of this article appeared in the print edition of The Straits Times on May 08, 2019, with the headline 'Why investors love Singapore's struggling malls'. Print Edition | Subscribe