Singapore’s Malls Top Retail Investment Ranking: Southeast Asia
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Singapore’s shopping malls offer the best returns among Asia-Pacific retail investments as economic and demographic growth boost consumption, according to Aviva Plc.
Suburban retail units catering to local resident demand will offer better yields than the central shopping centers, according to Aviva Investors Asia Pte., which manages $2.5 billion in property assets and is a unit of U.K.’s second-biggest insurer. Malls in the island state may yield an average annual return of as much as 8 percent over the next two years, while those in the suburbs may have between 9 percent and 10 percent return annually over the same period, Aviva forecasts.