SINGAPORE (Apr 2): While the government’s proposed Covid-19 (Temporary Measures) Bill is likely to alleviate the financial pressure on local tenants, analysts are wary of the adverse impact this could have on the performance of Singapore REITs (S-REITs). 

The iEdge S-REIT 20 Index fell sharply on Thursday, following the announcement of the proposed bill on Wednesday. The index fell some 29.92 points, or 2.6%, to 1,123 in the morning trading session. 

Notably, Frasers Centrepoint Trust had fallen 11% to $1.87 as at 12.30pm, while Mapletree Industrial Trust sank 10.2% to $2.20.

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