The impact of the pandemic has been pervasive with economic dislocations now reverberating across the world, hitting consumption, tourism, and supply chains. Financial market volatility has also increased with equity prices dragged lower through 2020. While REITs have not been spared in the current selloff, the recent price drops have upped the distribution yields of the region’s REITs, which rose to 4.4% in February, from 4.0% in January, according to the GPR/APREA Composite REIT Index. Yields for Singapore REITs rose 0.3 percentage points to 5.3% in the same period.
Download the Report Read MoreThe novel coronavirus outbreak began in mid-Dec 2019 in the seventh-largest city of China - Wuhan, home to over 11 million people and the capital of Hubei province. The first suspected cases were reported on 31 December 2019, and to date, over 40,000 infections have been confirmed with a death toll of over 900. While scientists do not know how lethal the new coronavirus is, they agreed the virus is spreading more like influenza than Severe Acute Respiratory Syndrome (“SARS”) and Middle East Respiratory Syndrome (“MERS”).
Download the Report Read More总体而言,写字楼面临的是疫情和经济环境综合效应的影响。疫情对写字楼的 影响相对于购物中心、百货商场等商业物业有明显的滞后效应。餐饮业、旅游 业、零售业等服务业先受影响,之后可能传导到某些生产服务业。影响的程度更 多取决于本次疫情时间的长短。经济有自己运行的规律,传导需要时间。疫情影 响到写字楼需求端,以2003年非典及2008年经济危机的经验来看,滞后的规 律是通常是6个月左右的时间。如果说中美贸易战是长期影响的话,希望疫情 的影响是短期波动的,但疫情导致中小企业的经营压力对于部分写字楼需求造 成的负面影响可能会持续。
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