The stock market is irrational. With “Circuit Breaker” being announced on Friday, I was expecting the stock market to be in a sea of red however it was the reverse. The stock market went up today. Do not be too happy yet as a new Bill that was passed in Parliament today will most likely have a significant impact on S-REITs.
A new Bill for COVID-19 (Temporary Measures) was passed in Parliament today. Under the new bill, landlords will not be able to terminate the lease of tenants or claim back the rented premises if the tenant is unable to pay the rent during the relief period of 6 months. Under the new bill, the landlord is also not able to take legal action.
As part of the COVID-19 measures, landlord must pass the property tax rebates to the tenants. Those landlords that failed to do so will be
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