SINGAPORE (June 3): As Singapore gradually reopens from its circuit breaker measures, DBS analyst Derek Tan and its Singapore research team believe that retail REITs are the “preferred” sector due to earlier-than-anticipated mall openings.

While about 90% - 95% of retail malls and tenants will be given the go-ahead to resume business during the Phase 2 opening after the circuit breaker measures, Tan and the team believe that there is the possibility of them reopening earlier should the pandemic situation remain stable in the republic.

This will bode well for both landlords and tenants in 3Q20, they state in a June 3 report.

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