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Sabana Reit explains S$54.7m decline in fair value of its assets

Ongoing pandemic affecting assumptions on market rent and market rent growth rate

Singapore

MARKET weakness and uncertainty have driven down the fair value of Sabana Reit's investment properties, the manager said, after a regulatory query over the S$54.7 million decline in value reported in its half-year results.

Given the ongoing Covid-19 pandemic, "assumptions...

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