On Sunday, I was out with my family at Northpoint City, and I noticed that the mall was buzzing with excitement like COVID-19 never happened. Source: Primo That was when I thought it might be a good time to re-look into the REIT, Frasers Centrepoint Trust (SGX: J69U), which owns Northpoint City (South Wing) and many other suburban retail malls. Here’s what I found during my latest research. Gradual Recovery in Retail   Singapore’s retail industry seems to be on the mend. The retail sales index, which measures the short-term performance of the retail industry based on sales records, decreased by 8.5% year-on-year in July 2020 (the latest available data). However, this was an improvement from the 27.7% year-on-year plunge seen in June 2020. On a month-on-month basis, seasonally adjusted retail sales bounced up by 27.4% in July 2020, mainly due to a lower base in June 2020 when most physical stores were shuttered until 18 June. (Note: The seasonally adjusted figure removes any variation that...