General S-REITs Discussion Thread

Dividends Warrior

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Pandemic-resilient REITs are still doing well this year. :D💪

Logistics & Data centres!

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homer123

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https://www.straitstimes.com/singap...or-less-business-as-entry-restrictions-return

Malls in Singapore bracing themselves for less business as Covid-19 entry restrictions return​

SINGAPORE - Medical sales assistant Katherine Tan, 63, was one of the tenants and employees at Lucky Plaza whose happiness was short-lived when they learnt the odd-and-even entry restrictions were back.

She said: "We were so happy to welcome the crowds back, but suddenly the community cases (of Covid-19) happened again."

The multi-ministry task force (MTF) announced on Friday night (April 30) that safe management measures at malls would be tightened again, with the recent rise in cases of the coronavirus infection here.

Shopping malls, which had entry restrictions imposed in April last year and eased in December, are now back to square one. Till May 14, the capacity limit for malls and large standalone stores has been reduced, with each person needing 10 sq m of space, instead of 8 sq m.

Peninsula Plaza and Lucky Plaza will also have entry restrictions reinstated on Sundays that let only those whose identification numbers end in even digits visit on even dates, and those whose numbers end in odd digits visit on odd dates. Those restrictions were put in place in August last year and lifted only on April 10.

Outdoor barbecue pits - including those in parks, HDB estates, condominiums and country clubs - and campsites will also be closed to the public.

Said Ms Tan, who works in a medicine shop in Lucky Plaza: "It is better to have restrictions as everyone is safe. However, business will go down."

She added her boss will likely feel the pinch, especially since the peak crowd is on Sunday.

Lucky Plaza is a weekend hotspot for foreign workers.


Domestic helper Edna Nacianceno, 49, usually goes there every Saturday to run errands like sending money home to the Philippines.

She said: "I feel safer with the odd-even scheme. I don't want to go out on Sunday, as it is very crowded. But with the scheme, the crowd is more regulated."

There were no crowds at Peninsula Plaza, United Square and Velocity @ Novena Square, when The Sunday Times visited between 11am and 1pm on Saturday.

Ms Corina Teo, who chairs Peninsula Plaza's MCST management council, said the tightening will reduce the mall’s capacity limit for shoppers by 20 per cent.

Four safe distancing ambassadors (SDAs) were seen at Peninsula Plaza, and two at United Square. At least seven SDAs were spotted at Velocity  @  Novena Square, patrolling in pairs.

Velocity @ Novena Square is a stone’s throw from Tan Tock Seng Hospital (TTSH), where a Covid-19 cluster was identified last week.

The task force said on Friday that public agencies in the Novena area will ask their staff to work from home where possible, to lower the risk of transmission.

Tenants at Velocity  @  Novena Square said this could hit business on weekdays.

Said Ms Kim Tan, 66, who runs a pushcart stall selling Indonesian cakes and snacks: "Most of the crowd here are people working nearby and visitors to TTSH. Since they will be working from home again and fewer people are allowed at the hospital, business might be slow on weekdays for the next few weeks."

Shoppers at the mall, however, said it was unnecessary to avoid the Novena area. Ms Evon Yip, 64, who goes there for fitness classes every day, felt it was still safe to go to shopping malls.

She said: "More people are getting vaccinated and TTSH is doing a good job containing the spread of the virus. The stores recently visited by the Covid-19 patients have also been closed for cleaning, so there is nothing to worry about."

The task force also revealed public places visited by individuals during their infectious period included Junction 8 and Bugis Junction, both managed by CapitaLand. It said the places identified will be closed for two days for cleaning, and to facilitate the testing of staff.

In response to queries Saturday, CapitaLand, as well as the UOL Group, which runs Velocity @ Novena Square and United Square, said the main touchpoints and common areas in their malls were being cleaned and disinfected more frequently.

Though some felt the restrictions represent a setback, most tenants and shoppers expressed optimism that the measures would help stem more transmissions.

Ms Yip said: “We have made a lot of progress during the pandemic, it does not make sense for us to be complacent now.”
 

revhappy

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There are no tourists in Singapore for the last 1yr and yet there is no impact, STI and REITs are back on top, I find that amazing. Another 2 years we may not have tourists. Are markets pricing in correctly?
 

yumsang

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hope this round is a small wave and only small impact to reits
waited so long for price to rocket but now risk of exploding on launch pad
 

simon_84

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There are no tourists in Singapore for the last 1yr and yet there is no impact, STI and REITs are back on top, I find that amazing. Another 2 years we may not have tourists. Are markets pricing in correctly?
had the same line of thoughts also, that's why took the opportunity to exit starhill global.
without any tourists, is going to be tough on the retailers in the orchard area.

don't wish to pour more salt into their wounds since rental reversion won't be great anyway.
 
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yumsang

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these businesses when interviewed always like to magnified their "losses"
hope for more relief from garment who sabo them
and garment conveniently use taxpayer $$ to help them and continue to import more virus
 

revhappy

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had the same line of thoughts also, that's why took the opportunity to exit starhill global.
without any tourists, is going to be tough on the retailers in the orchard area.

don't wish to pour more salt into their wounds since rental reversion won't be great anyway.
Markets are pricing in best case scenario, whole world gets vaccinated and life comes back to normal quickly. But we can already see developed markets have access to vaccines, while developing markets have no access and they are producing stronger mutant strains, these can move to developed countries also and vaccine is not like a one time thing, they will need to keep giving booster shots. So the pandemic is not over yet, but markets are pricing in recovery and upcoming boom.
 

RedsYWNA

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had the same line of thoughts also, that's why took the opportunity to exit starhill global.
without any tourists, is going to be tough on the retailers in the orchard area.

don't wish to pour more salt into their wounds since rental reversion won't be great anyway.
Yes, orchard, town, tourists malls are still way below pre-covid levels. Going to take a while to get back to the norm. Fraser should probably do better, but even for them, sales are still below pre-covid days.

A popular thought could be that "I see these neighbourhood malls are so crowded, and F&B are all packed". But the reality is that F&B can only turn over their tables so fast, when their capacity is cut by 20-40%. due to social distancing.
 

simon_84

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Yes, orchard, town, tourists malls are still way below pre-covid levels. Going to take a while to get back to the norm. Fraser should probably do better, but even for them, sales are still below pre-covid days.

A popular thought could be that "I see these neighbourhood malls are so crowded, and F&B are all packed". But the reality is that F&B can only turn over their tables so fast, when their capacity is cut by 20-40%. due to social distancing.

lazada and shopee are very aggressive with their online marketing campaigns (youtube and FB) and most products have very decent discounts that one will not be able to get at those brick and motor shops.

F&B typically have very thin margins so is tough on their end also.
 

wutawa

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There are no tourists in Singapore for the last 1yr and yet there is no impact, STI and REITs are back on top, I find that amazing. Another 2 years we may not have tourists. Are markets pricing in correctly?
Mapletree ind tr not reliant on tourists. Capitaland china tr (retail) also ventured into data centres but still making loss though. Hehe
 
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Andrew833

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Mapletree ind tr not reliant on tourists. Capitaland china tr (retail) also ventured into data centres but still making loss though. Hehe
Correction:
CLCT going to venture in data centre but nothing yet.
CLCT 1H2020 RMB 328.6 mil (1H = 2Q)
CLCT 1Q2021 RMB 264.3 mil
What loss are you talking about?
 

weng0202

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All depends on the number of local covid transmission cases for next few days. If continue to increase, I think should continue to drop should government tighten measures.
 
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