29 Oct '17, 5am

S’pore has 5 VivoCities worth of vacant shopping mall space. Maybe they can be used this way. https://t.co/BDEYm2nWz2

We’ve heard a lot about how the retail industry in Singapore is under threat from online shopping and general millennial thriftiness. Enter Bloomberg Gadfly columnist Andy Mukherjee with the latest take on this issue. In his Oct. 23 column, he points out that while Singapore’s economy grew by 4.6 per cent in the third quarter of 2017, CapitaLand Mall’s tenants, for instance, reported negative or mediocre sales growth in the first nine months of 2017. Advertisement Looking ahead, Mukherjee mentions the redevelopment of electronics mall Funan as an example of what malls could look like in the future: “By the time Funan reopens in 2019, there may not be anybody left on the planet who still goes to a store to buy a computer or a phone. So the new address will play host to everything from a homegrown theater company’s auditorium to a test zone for drone photography.” So what to...

Full article: https://mothership.sg/2017/10/things-shopping-malls-can-d...

Tweets

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