News about Suntec REIT —
Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
Convention operators in Singapore are seeing near-term pressure on booking momentum, as global uncertainty prompts corporates to hold back on event commitments....read more on The Business Times
Though there have been no immediate cancellations or postponements, the manager of Suntec Real Estate Investment Trust (Reit) told The Business Times that bookings are slower to firm up, with more organisers adopting a “wait-and-see” approach when confirming events and a more “conservative stance on spending”.