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Hospitality REITs to face increased competition from private residences offering short-term rental

Michelle Zhu
Michelle Zhu7/4/2017 11:42 AM GMT+08  • 2 min read
Hospitality REITs to face increased competition from private residences offering short-term rental
SINGAPORE (July 4): OCBC continues to remain “neutral” on Singapore’s hospitality sector given the recent compression in yields, while highlighting OUE Hospitality Trust (OUEHT) as its top and only “buy” pick with a fair value estimate of 75 cen
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SINGAPORE (July 4): OCBC continues to remain “neutral” on Singapore’s hospitality sector given the recent compression in yields, while highlighting OUE Hospitality Trust (OUEHT) as its top and only “buy” pick with a fair value estimate of 75 cents.

This comes after the Urban Redevelopment Authority (URA) last Friday passed a new legislation that reduces the minimum stay duration for private residential properties to three months from six months previously, with immediate effect.

In a Tuesday report, lead analyst Deborah Ong notes that the move is likely to affect serviced residences (SRs), but she expects the immediate impact to be negligible for now.

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