The retail landscape in Singapore and Retail REITs (Seow Zhi Qi)

OCBC Treasury Research and Strategy - Podcast

While we have seen accelerated growth in online sales, it is not end of physical stores in Singapore. Among other things, location is the key factor that can help to cushion downside impacts. In the short term, non-performing tenants would depart, and malls may have to accept negative rental reversion to bring in new tenants. Over the long term, we expect the malls to continue to attract new tenants and to evolve with the times.