πππSingapore has welcomed 11.3 million visitors in 2023 falling short of Singapore Tourism Board's expectations of 12 to 14 million arrivals for the full year. The new 30 day visa would certainly boosts this figure.
$CapLand IntCom T(C38U.SI)$ will certainly be one of the key beneficiaries. It owns and manages 11 retail malls as well as 5 integrated developments in Singapore. They are Capita Springs, Funan, Raffles City Singapore, Plaza Singapura, The Atrium@ Orchard as well as Bedok Mall, Bugis Junction and many others.
Chinese Tourists love to shop and eat. These malls are well located and would see increased foot traffic once the 30 day visa to Singapore is approved.
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Comments
Chinese tourists are known for their shopping and dining habits, so it's not surprising that CapLand's malls would be popular destinations for them.
With so many shopping and dining options at your fingertips, it's no wonder that Chinese tourists love visiting Singapore.
It seems like the new 30-day visa to Singapore could be a game-changer for tourism in the city-state.