SINGAPORE (June 8): Share prices for the Singapore REITs (S-REITs) sector have rallied recently following further measures to support landlords, including extending timelines for S-REITs to distribute at least 90% of their taxable income for FY20 and FY21.

Following the Fortitude Budget speech on May 26, the Ministry of Law announced on June 3 that a Covid-19 (Temporary Measures) (Amendment) Bill would be introduced in Parliament. The amendment includes a new rental relief framework for eligible small and medium-sized enterprises (SMEs), and to improve relief available to business who are unable to fulfil their contractual obligations due to Covid-19.

Authorities have also introduced a further round of measures to help SMEs, and to extend timelines for Singapore REITs (S-REITs) to distribute their taxable income for FY20 and FY21.

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