Far East H Trust - Value buy..

Some of the hotels under Far East H Trust are fully occupied even in May. Used for SHN? if so, full occupancy ..

www.asiaone.com/money/15-companies-will-...19-resilience-budget

www.99.co/blog/singapore/hotel-government-stay-home-notice-shn/



I think Elizabeth under Far East H trust too.


Quote:
Reason #6: The hotels will otherwise be empty anyway


As we all know, tourism is dead for the time being. Hotels are facing dark times and their staff are worried about their livelihoods as
occupancy drops to zero or near zero. So, a contract with the government to provide bulk Stay-Home Notice accommodation
is a godsend, and is a move that will potentially safeguard thousands of jobs in the industry and directly boost the economy,
in addition to the recently announced Resilience Package.

www.singaporeglobalnetwork.com/docs/Hote...eas-Singaporeans.pdf

According to this list, Far East H trust has 10 of it's hotel/service apt in the list.. Huat har!

research.uobkayhian.com/content_download.jsp?id=55894& h=a7c89bdd49747e2ee014528e17cfba8

Hospitality REITs to benefit from JSS. Staffing is a significant fixed cost which is hard

to eliminate as hotel occupancies crater in the face of COVID-19 travel restrictions. Under

JSS, for every local employee payroll, hotel operators will receive support for 75% of the

first S$4,600 in gross monthly wages (incl. 25% base support). S-REITs, which have

higher exposure to Singapore hospitality assets, and under managed contracts (ie take

part in operating risk) will benefit most. In this regard, CDREIT (62% SG NPI) and FEHT

(100% SG NPI) are expected to benefit more from the scheme compared to ART (10%

FY19 GP).

divads wrote:

www.singaporeglobalnetwork.com/docs/Hote...eas-Singaporeans.pdf

According to this list, Far East H trust has 10 of it's hotel/service apt in the list.. Huat har!

--- The above is persuading returnees to self-isolate in the hotels & they have to bear their own room costs, etc. Is that right?
I thought govt whisks them from airport straight to hotel & govt bears the cost of room, etc. Are there 2 different schemes?