Friday 29 Mar 2024
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SINGAPORE (April 20): As global growth takes off and technology reshapes the economies of Singapore and the rest of Southeast Asia, demand for logistics properties is shifting.

Not only is the volume of goods that need to be moved rising, but a growing proportion of this merchandise is headed directly to the doorsteps of customers instead of the shelves of big department stores, because of e-commerce.

In fact, reflecting the growing importance of e-commerce to Singapore’s economic growth, the Department of Statistics has just begun releasing data on online shopping trends. In February, online purchases topped S$144.3 million and accounted for 3.9% of overall retail sales... (Click here to read the full story)

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