On 20 July 2020, First REIT made a sudden announcement that it will be granting rental relief of 2 whole months for April 2020 and May 2020 to all its tenants in Indonesia, Singapore and Korea. This was a shocking announcement as it is only now that they released this announcement. This is not a good sign at all as it seems to imply that Lippo Karawaci Group is battling cashflow issues. Earlier in the previous month of June'20, Lippo Karawaci had announced that it wants to restructure the terms and conditions of all signed tenancy agreements as they are unsustainable (pls see First REIT's Sponsor Plan to Default on Original Rental Support Agreements). I believe that this rental rebate is a compromise between either breaking tenancy agreements which is as good as a nuclear option for all stakeholders or extending temporary rental relief while upholding the sanity of legal contractual obligations....