Added reliefs for landlords, tenants positive for S-Reits sentiment: Jefferies

Singapore

FURTHER reliefs for landlords and tenants are likely to "invigorate the current positive sentiment" for Singapore real estate investment trusts (S-Reits), while hospitality Reits are expected to take the lead in the sector, with the implementation of the Singapore-China fast-lane arrangement, according to Jefferies Singapore.

Under new legislation introduced on Friday, the Ministry of Law has mandated additional rental waivers - with the cost borne by landlords - to be given to eligible small and medium-sized enterprises that have suffered at least 35 per cent fall in average monthly revenue in the months of April and May.