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Interestingly, not once in PM Lee's Speech did he use the word "Lockdown" but merely the words circuit breakers etc.
However, many people are sharp enough to pick it up that its akin to a lockdown.
Now that restaurants are restricted to being takeaway options, I am interested to know how retail malls will be affected. With many malls leased out to restaurants and eateries, the lack of dine in options especially duringweekends will greatly affect the sales.
PMI is one thing (factories) but it seems a lot of commercial real estate are going to suffer a 1 month slump and along with it, lower sales and rental revenue
However, many people are sharp enough to pick it up that its akin to a lockdown.
Now that restaurants are restricted to being takeaway options, I am interested to know how retail malls will be affected. With many malls leased out to restaurants and eateries, the lack of dine in options especially duringweekends will greatly affect the sales.
PMI is one thing (factories) but it seems a lot of commercial real estate are going to suffer a 1 month slump and along with it, lower sales and rental revenue