As Singapore is expected to enter Phase 3 of the reopening of its economy on Dec 28, OCBC Investment Research has recommended investors to focus on selected local real estate investment trusts (REITs).

OCBC says certain REITs – in what the brokerage terms as the “Recovery S-REITs basket” – will be able to outperform in the near term.

They are CapitaLand Integrated Commercial Trust (CICT), Frasers Centrepoint Trust (FCT), Mapletree North Asia Commercial Trust (MAGIC) and Ascott Residence Trust.

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