Property firms face setback as workers stay away from offices

Shares of commercial developers and real estate investment trusts have fallen, since the Government announced last month that working from home will remain the default arrangement amid a rise in coronavirus cases.
Shares of commercial developers and real estate investment trusts have fallen, since the Government announced last month that working from home will remain the default arrangement amid a rise in coronavirus cases. ST PHOTO: GIN TAY
New: Gift this subscriber-only story to your friends and family

Singapore's battered property firms are hitting a snag in their recovery, after rising coronavirus infections led to an extension of remote work in the city-state.

Shares of commercial developers and real estate investment trusts (Reits) have fallen since the authorities announced last month that working from home will remain the default arrangement.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on February 04, 2021, with the headline Property firms face setback as workers stay away from offices. Subscribe