Listing plans in the pipeline in Singapore are likely to be impacted in the next few quarters owing to their over-reliance on the real estate sector as COVID-19 pandemic casts a shadow across businesses.
International Financing Review (IFR) editor (Asia) Steve Garton said in a webinar, organized by Refinitiv Asia, “We have already seen problems from real estate investment trusts, whose portfolios are hospitality assets, hotels or shopping malls.”
