16 December 2022
Why It Matters: Orchard Road is gearing up for ‘revenge spending’, but will the retail boom really materialise?
Retailers on Orchard Road have been stocking up and eagerly bracing themselves for a wave of revenge spending. But some analysts remain cautious about the unpredictability of mall traffic during this period as Singaporeans might be going abroad. Rumours of a looming recession have also muddled hopes of a retail boom.
Callie Yah, Executive Vice President and Head, Global Asset Management, City Developments Limited shares more.

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