In a Tuesday report, lead analyst Deborah Ong notes that the move is likely to affect serviced residences (SRs), but she expects the immediate impact to be negligible for now.
SINGAPORE (July 4): OCBC continues to remain “neutral” on Singapore’s hospitality sector given the recent compression in yields, while highlighting OUE Hospitality Trust (OUEHT) as its top and only “buy” pick with a fair value estimate of 75 cents.
This comes after the Urban Redevelopment Authority (URA) last Friday passed a new legislation that reduces the minimum stay duration for private residential properties to three months from six months previously, with immediate effect.
