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Credit Suisse cautions on outlook for Singapore's surging REITs

Bloomberg
Bloomberg1/15/2018 01:12 PM GMT+08  • 1 min read
Credit Suisse cautions on outlook for Singapore's surging REITs
SINGAPORE (Jan 15): Credit Suisse Group AG warned that gains for Singapore’s real estate investment trusts may be limited this year after a surge in prices in 2017 left valuations looking stretched.
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SINGAPORE (Jan 15): Credit Suisse Group AG warned that gains for Singapore’s real estate investment trusts may be limited this year after a surge in prices in 2017 left valuations looking stretched.

Kum Soek Ching, head of Southeast Asia research in the firm’s private banking operation, pointed to declines in the extra yield from the securities versus risk-free rates from Singapore government bonds. For this year, the REITs may return 3.4 percentage points over a 10-year bond, less than the historical average of 3.7 percentage points, Kum wrote in a note.

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