There are 7 new malls in the making and at least 2 malls which will be revamped. I understand that the government wants us to spend more so that the economy can recover, but the crux of the issue is that most of the retail businesses are international fashion brands. How many consumers can truly spend their money on such designer wear like water? I quote Mr Foong King Yew's view to support my stand: "In good times, consumers are freer with their purse strings...".
I feel that it would be more practical to have lower-priced retail outlets for the consumers. After all, many retrenchments have taken place. Such people are just using their savings for their expenses. There are some mid-priced outlets to be included in the new malls but more of these would be ideal. More people would patronise the malls and actually purchase things from them then. Perhaps low-priced outlets like This Fashion and FOS can be included too.
