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