Singapore
DORMITORY operator Centurion Corp is feeling the effects of Covid-19 on its business, but says the worst is yet to come.
On a call to discuss its H1 2020 results on Wednesday, the group said that it has seen increases in requests to review lease terms as well as for pre-terminations, rental deferrals, waivers, discounts and rebates.
Corporate communications head David Phey said there has also been a "slowdown" in rent collections, amid legislation put in place by various governments to assist...