Singapore REITs could see further deterioration in cash flows with latest proposed bill

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Singapore-listed REITs could see a further deterioration in near-term cash flows, despite a gradual opening up of the economy from 2 June after coronavirus-related lockdowns.

This after the government revealed that it will be introducing a Rental Waiver Bill, which was announced in a parliamentary address on 26 May as part of a fourth round of COVID-19-related stimulus measures.

The proposed bill will mandate landlords, including REITs, to grant rental waivers to small and medium-sized enterprise (SME) tenants with significant revenue drops due to COVID-19.

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