Mind you, being a retail landlord in Singapore is still rewarding, as underscored by CapitaLand Mall Trust’s 2017 results, released Wednesday. What's not to like about four straight years of 5%-plus distribution yields from holding a piece of the city's first and oldest real-estate investment trust?
(Jan 24): Predicting the demise of shopping in Singapore isn't a whole lot different from shorting Japanese government bonds: It’s a widowmaker trade.
Yet I promise to persevere with my thesis that the city-state's national pastime is passé. Amazon.com Inc.'s Prime has launched, and between its offerings and those of Alibaba-backed Lazada Group SA, wide variety and tempting discounts are beginning to upend mall economics.
