SINGAPORE (June 12): The FTSE ST Real Estate Investment Trusts Index has climbed some 10% year-to-date amid a challenging macro-economic environment.
But DBS Group Research says strong interests in Singapore REITs is expected to continue, even as the republic’s property market approaches a cyclical bottom.
“We expect buying interest for S-REITs will continue in the immediate term, driven by high yield spread of 4.4%, and attractiveness from the continued strength of the Singapore dollar,” says DBS lead analyst Derek Tan in a Monday report.
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