Challenging market conditions continued to hit office and retail rents in the fourth quarter, although there are signs pointing to a brighter outlook for some landlords.
Operators are rolling out new concepts, revamping premises to draw more shoppers. Gone are the days when malls were simply for shopping or when you needed to catch a break from the heat. Imagine browsing without having to lug your shopping bags around, or cycling your way through the mall on designated cycling paths.
SINGAPORE - Retail sales reversed course in August, dipping 1 per cent from a year earlier - and registering a sharper 6.5 per cent with vehicles excluded. Sales had risen 2.7 per cent in July.