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Singapore: Shopping malls get competition watchdog’s attention

By  |  August 1, 2013

Singapore’s anti-competition regulator announced a new study on the nation’s shopping mall industry to review the growing trend of malls being forced into real estate investment trusts and to assess whether there are anticompetitive practices within the industry. Reports say the Competition Commission of Singapore announced plans to hire a consultant to head the study. Most recently, one mall has been included in the SPH real estate investment trust’s portfolio, and another two were included in OUE Hospitality Trust’s portfolio. Reports say S-REITs, the first of which was established in 2002, own most of the nation’s shopping malls; further, analysts say landlords may include exclusivity clauses.

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