, Singapore
110 views

E-commerce pushes SG REITs to rethink retail

Online shopping boom forces landlords to recalibrate tenant mix, incorporate digital channels.

The rise of e-commerce has forced Singapore's REITs to rethink retail.

From April 7, 2020 to June 1, 2020, the period when Singapore had the its most stringent restrictions in place, the proportion of online retail sales to total retail sales was more than triple the pre-pandemic level.

S&P Global Ratings, in its report, said consumers' gravitation towards e-commerce will continue and retail landlords need to "enhance their value proposition to both retailers and consumers to stay relevant."

Analysts said the boom in online-shopping has also forced landlords to recalibrate their tenant mix and incorporate digital channels.

Even suburban retail landlords, who will likely fare against their city-center peers due to their tenant mix and their proximity to work-from-home professionals, cannot take their client base fro granted, the analysts added.

"They will need to adapt to stay relevant," S&P reiterated.


 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.