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Opinion
Andy Mukherjee

Singapore Landlords Need a Post-Covid Remake

There’s a better way to run REITs to account for fluctuations from the coronavirus.

Shopping mall tenants could use a break on the rent.

Shopping mall tenants could use a break on the rent.

Photographer: Suhaimi Abdullah/Getty Images

Every third dollar changing hands on Singapore Exchange Ltd. is because of someone buying or selling units in a real estate investment trust. But has the city’s REIT mania gone a bit too far?  

The coronavirus pandemic has raised hard questions that have only simmered under the surface until now.