SINGAPORE (June 17): The earlier-than-expected reopening of phase 2 that will take place this Friday (June 19) came as a “positive surprise” for the retail sector, according to DBS analyst Derek Tan and the Singapore research team.

In a note dated June 16, Tan writes that shopper traffic this weekend will be “key” following some 2.5 months of Singaporeans remaining at home during the circuit breaker measures from April to June.

During this phase, over 90% of retail tenants in malls will resume operations.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook