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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

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June 4, 2020, 12:06 AM UTC

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.