Singapore developers say malls recovering as virus fears abate

Hotels to face greater challenge with slump in travel

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CapitaLand said 12 of its malls in China remain shut due to the coronavirus, though activity at the other 39 is picking up. © Reuters

SINGAPORE (Nikkei Markets) -- Singapore's malls are starting to see more visitors as fears regarding the COVID-19 coronavirus recede among locals but hotels will continue to be hurt by low occupancy given the plunge in travel across Asia, the city-state's two biggest developers said.

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