Yesterday, I polled the investors if they are willing to give up their dividends to help the tenants.

The results showed that 26% of them (out of 403 voters) were unwilling while the majority 74% were merciful. 32% of them were willing to give up to 29% of the dividends.

As for the length of time, most of them were willing to sacrifice the dividends over a period of 3 to 6 months.

But it might not be a choice for investors. The pressure has came down from the top – the government. Landlords were reminded again and again to fully pass on the property tax rebates to the tenants.

Mapletree and Capitaland REITs are backed by Temasek and since they are linked to the government, they have to lead by example. In fact, Mapletree Commercial Trust and Capitaland Mall Trust have announced a tenant relief package