The further relaxation of Covid-19 measures announced by the government will bode well for office, retail and hospitality REITs, says DBS Group Research in a March 25 report.
Counters include Keppel REIT, Mapletree Commercial Trust (MCT) and Suntec REIT for office, Lendlease Commercial Global REIT (LREIT) and Frasers Centrepoint Trust (FCT) for retail, and Far East Hospitality Trust (FEHT) and CDL Hospitality Trusts (CDL HT) for the hospitality sector, write analysts Rachel Tan and Derek Tan.
From April 5 onwards, up to 75% of the workforce can be at the workplace at any one time, up from the current 50% limit. Split team arrangements are no longer mandatory.
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