Retail, F&B and almost every other business has been hit by the Covid-19 as people are less willing to leave their home and venture out. Meaning that people are spending less and the economy growth will slow down.
Changi Airport has been badly hit as most people will avoid going to the airport because that is where the tourist will land first.Also, as the number of flights coming to Singapore drops, there will be a decrease in people shopping and eating in the airport.
Jewel Changi Airport will be offering a 50% rebate on rents for months of Feb and MAr which I think is a really good initiative. The crowd there has definitely decrease and it will take awhile before things get back to normal.
With PM Lee mentioning that the impact of Covid-19 already exceeds that of SARS means that everyone should really brace themselves for what's to...