In his report, Koh notes that China had downgraded its management system for Covid-19 from a Class A disease to a Class B disease, which means it is an “infectious disease requiring basic treatment and prevention”.
UOB Kay Hian has maintained its “overweight” rating on the Singapore REIT (S-REIT) sector as China relaxes its domestic Covid-19 measures from Jan 8.
Analyst Jonathan Koh writes in a Jan 3 report that hotels and serviced residences in Singapore, Australia and Japan will benefit from an influx of Chinese tourists, while malls and offices in China will see a recovery in shopper traffic and physical occupancy.
