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(02-05-2014, 10:23 AM)gzbkel Wrote: Bad news for REITs I think, especially retail REITs. Guess there is a limit to how much they can push for rent reversion before the tenants start to push back.
Wonder what is the possibility of this developing into some rent control legislation...
wont one. no rent control. Wont solve the problem.
the Govt 'por-business' stance will not allow that to happen..
better to give mandate to Temasek and GLCs to balance profit maximisation and sustainability of SME sector. A good example is the construction sector. Previously Govt awards to cheapest quotes so mostly foreigner won tenders. Which led to the hollowing out of local construction companies. Which in turns make the govt dependent on foreigners and local companies doing low skills jobs..
The PAP Govt should realise MNCs cannot create all the jobs. Globalisation cut both ways. If there is no vibrant SME sector to create diversity of jobs, the unemployment issue will come back and bite the PAP Govt in their ass.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster