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For Singapore’s Capitaland, the mall comes roaring back

Source: Bigstock
E-commerce in Singapore had a couple of bumper years in 2020-21, but online sales growth plateaued in 2022 as a percentage of Singapore’s retail sales: for Capitaland’s malls, many of them part of integrated mixed-use projects, it was time to start taking full advantage of normalisation. Full-year results for Capitaland (shortened here from Capitaland Integrated Commercial Trust, CICT) announced in February, revealed a big comeback in property sales per square metre and a modest increase in