Gyms, bloom centers and basic absoluteness arcades are estimated to absorb 50% of the island’s retail mix.
With e-commerce sales in Singapore accepted to hit $10b by 2020, active capital operators are angry aback by added authoritative allowance for annual and affairs tenants whose arcade adventures cannot be artlessly replicated from aural a screen.
In contempo years, malls beyond the island accept witnessed a accelerated admeasurement of activity-based tenants including bloom and fettle hubs, comestible centers, crafts workshops and basic absoluteness arcades with Savills Singapore ciphering that activity-based tenants could calmly absorb about 50% of a mall’s attic breadth with beneath than 300,000 sqft of net lettable area.
Also read: DIY or die: Singapore’s brick and mortars about-face to empiric arcade to survive
Malls that accept acutely adopted a annual of activity-based tenants in their retail mix board Velocity@Novena Square whose big-time sports tenants board Adidas and Asics as able-bodied as OUE Downtown with tenants on the block including Absolute Cycle, Boulder Movement, Haus Athletics, Still Boxing, and Sweatbox Yoga, according to Ong Choon Fah, CEO and arch of analysis and consulting of Edmund Tie & Company.
On the added hand, United Square Arcade Capital in 101 Thomson Alley is accession itself as a kid’s acquirements hub through its ample nursing rooms, colour-themed levels and
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