Singapore property players spared from crisis so far
Precautions, should situation worsen, include contingency plans and insurance coverage
Singapore
AUSTRALIA'S metropolitan areas have so far been spared the brunt of raging bushfires, offering respite to a number of Singapore real estate players with a slate of assets Down Under.
"To date, the bushfires have only impacted rural and regional Australia," noted a spokesman for Ascendas Reit (A-Reit), which has logistics and office properties in and around the urban centres of Sydney, Melbourne and Brisbane, plus Perth in the west.
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