CBD retail sales to balloon by a whopping 60% in 2018

It's high time to invest.

According to a report by Bloomberg, investors are betting on Singapore’s economy, which unexpectedly expanded last quarter as services and construction strengthened. Retail (SRSATM) sales in Singapore’s central business district could rise 60 percent in the next five years, according to Standard Chartered Plc, while the suburbs will witness an influx of retailers with new malls being completed this year, Colliers International UK Plc forecasts.

Citing Aviva Plc. (AV/), Bloomberg also noted that Singapore’s shopping malls offer the best returns in the Asia-Pacific region as economic and demographic growth boost consumption.

Read full report here.

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