Retail REIT with a difference

SINGAPORE (Aug 29): Starhill Global REIT prides itself on owning landmark retail properties on the most prominent stretch of Orchard Road.

But since the global financial crisis, the fortunes of luxury goods and upscale fashion brands that dominate the shopfronts in Singapore’s shopping belt appear to have been especially hard hit.

A slowing economy and growing tendency for shoppers to make their purchases online have been blamed for weak sales at brick-and-mortar stores over the last couple of years.

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