The recent 2019-nCoV outbreak has caused the stock market to become volatile. At the point of writing this post, the Straits Time Index (“STI”) has fallen to 3163.15. With the Disease Outbreak Response System Condition (“DORSCON”) level being changed to orange colour, people has avoided shopping malls. Believe me or not, malls such as Suntec City and Tampines Mall have become almost a dead town. I believe this should have some form of impact on the retail REITs in upcoming quarters.

In my recent post, I wrote about the impact of the current situation to OUE Commercial REIT which comprises of assets belonging to the hospitality sector. Based on 2019 tourist arrivals, 22% of tourist are from China.

At times like this, there are low risk instruments such as Fixed Deposits where we can park our monies for a short period of 12 months or less while waiting for