Singapore retail REITs have had “a year to forget”, as current restrictions add another dampener for business, say DBS Group Research analysts Geraldine Wong and Derek Tan. 

The government has announced that the current tightened restrictions will be extended to Nov 21 subject to a review in two weeks. The current tightened measures will be maintained at a social cap of two pax, which extends to dine-in limits. Unvaccinated people will continue to have restricted access to retail malls and dining in. 

This follows the heightened capacity constraints in our nation’s isolation bed capacity and intensive care units, as daily case counts are close to surpass the 4,000 daily case mark.

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