(February 27 10:59) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
Shopper traffic recently rose to 40-50% of the pre-COVID-19-outbreak levels.
CapitaLand has closed 12 of its malls in China, with four of these being in Wuhan. According to a note from OCBC Investment Research, the picture is not entirely drastic, however, as its shopper traffic in China rebounded to 40-50% of the pre-outbreak levels after plunging by as much as 80-90%.
Its Singapore operations are also affected. Footfall dipped by around 50% for its malls during the weekend after DORSCON was raised to Orange, but has now moderated to a 5% decline instead.
read more
You can find the original article
here