Suntec REIT's Suntec City

Suntec REIT could witness a potential shortfall of at least SGD7.2 million for its full-financial year in 2020 amid Singapore’s so-called circuit breaker measure.

To stem the COVID-19 outbreak, the Singapore government enacted a mandatory stay-home order across the island, with exclusions exempted for those who provide essential services.

The order will last from 7 April to 4 May 2020.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.