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Centurion, already under pressure, braces for greater impact of Covid-19

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...

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