This is shocking news-so many new measures within a day to restrict movement with effect from 16th May 2021 onwards- which is as good as a mini Circuit Breaker 2.0. All retail REITs, Frasers Centrepoint Trust, Lendlease, SPH REIT and Starhill Global began their sharp diving after lunch. Firesales 2.0 came again. Probably good time to start accumulating from today some of the retail mall REITs. Lendlease with 33% holdings in offices in Sky Italia Milan and JEM office tower will probably weather this 1 month storm better. Mapletree Commercial Trust price drop but still looks expensive with a yield that is barely 4%.

This mini CB 2.0 is going to kill retail shops again. Singapore government needs to get more vaccine supplies and increase the vaccination rates like USA and Israel. Else we will be stuck in this never ending circuit breaker.