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Eu Chin Fen Named CEO of Frasers Hospitality Trust (FHT)

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Eu Chin Fen has taken back the top spot at Frasers Hospitality Trust
After losing its chief executive to a senior role with the Singapore government, the manager of SGX-listed Frasers Hospitality Trust has chosen Eu Chin Fen as its new leader, adding to the roster of female bosses heading REITs listed in the city.
Eu took over the trust’s top spot on 10 April after Colin Low served out his last day as chief executive of the twin firms managing the S$2.25 billion ($1.67 billion) trust. Low will become the head of the Singapore Land Authority on 1 September. ....

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Frasers Hospitality Trust CEO appointed as new chief of Singapore Land Authority

Frasers Hospitality Trust CEO appointed as new chief of Singapore Land Authority
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Property firms face setback as workers stay home

Shares of commercial developers and real estate investment trusts have fallen since authorities announced last month that working from home will remain the default arrangement.
SINGAPORE: 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 have fallen since authorities announced last month that working from home will remain the default arrangement.
The government is trying to minimise the risk of transmission at offices after some cases in the workplace led to community clusters.
The move adds to headwinds for developers and REITs, amid questions over what the future holds for offices worldwide even after the pandemic. ....

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Singapore property firms face setback as workers stay home

(Feb 3): 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 have fallen since authorities announced last month that working from home will remain the default arrangement. The government is trying to minimize the risk of transmission at offices after some cases in the workplace led to community clusters.
The move adds to headwinds for developers and REITs, amid questions over what the future holds for offices worldwide even after the pandemic. It will be harder to lease out vacancies and there will be pressure to lower rents if the work-from-home arrangement persists, said Terence Chua, an analyst at Phillip Securities Research Pte. ....

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Stocks to watch: Singtel, MCT, Keppel Infra Trust, Frasers Hospitality Trust

THE following companies saw new developments that may affect trading of their securities on Thursday. Read more at The Business Times. ....

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