Unless the Straits Times plaster some headlines on the front page or the STI drops below 2,500, how would anyone know if the economy is doing bad?
I mean, obviously, it’s not something that we can see with our own eyes, right? /sarc
How bad can things be with empty shopping malls?
I’m no undercover reporter or expert in retail, but many shopping malls look on the brink of dying to me. I’ve gone to so many shopping malls and wonder to myself “Are there more service staff in the building than actual shoppers?”. I concede, weekends are still packed. But meh. If business and traffic was all that great, businesses wouldn’t be closing. Maybe everyone is just walking around for the free aircon?
You don’t need to look very hard to see empty, unused spaces as a result of malinvestment.
Cheap empty offices? Plenty of them, plenty …