Reitas flags concerns over move to relieve tenants of rental obligations

Singapore

THE Reit Association of Singapore (Reitas) has cautioned against putting "significant strain" on landlords' finances with a new Bill that may give businesses a reprieve from contractual obligations including rent payments, even as it acknowledged the importance of supporting tenants in the crisis.

The association flagged its concerns in a statement on Monday night, ahead of Tuesday's Parliament sitting where the Covid-19 (Temporary Measures) Bill will be introduced.