Online shopping and e-commerce is the way-of-life now for Singaporeans, present in different facets of shopping activities. Online purchase portal such as Lazada caters to consumers’ demand for general purchase, while specialised retailers such as Zalora and Redmart provide extensive fashion and groceries shopping experience. The traditional supermarket which prides themselves on providing fresh food products is also expanding their online market. The global giant in e-commerce: Amazon and Alibaba have also established operations in Singapore.
With consumers shifting their shopping activities online, there are concerns that shopping malls, as congregation spot for physical shops, are getting redundant and will go the way of dinosaur– extinct.
Against such a backdrop, can Frasers Centerpoint Trust (FCT), a retail REIT with all its malls located in Singapore, survive the e-commerce era and continue to excel going forward? Let’s find out by studying its latest Q4 earnings report.
Firstly, Income Available …