SINGAPORE (July 4): Is there too much shopping mall space in Singapore?
In a Tuesday report, RHB believes the underlying issue is not the amount of space, but what mall owners and retailers have to do in order to revive the retail scene in Singapore.
Singapore has one of the highest retail space per capita in Asia. But compared to Hong Kong, RHB says the retail value/sqf is more than 30% lower, which suggests Singapore’s retail space is relatively unproductive.
