SINGAPORE (Mar 3): As investors grapple with the possibility that the Covid-19 outbreak may be more prolonged than initially expected, this may just be the right time to cash in on Singapore REITs (S-REITs). 

Although highly sought after for their yields and stability, S-REITs have not been immune to the increasing macroeconomic uncertainty. The sector has been a victim of a broad-based sell-off of up to 4-5% in a day as a result of funds outflow. 

To be sure, the 10-year US treasury yield now stands at a multi-year low of some 1.3%, with the Singapore 10-year bonds tailing it at some 1.5%. Market watchers believe that these are in tandem with heightened worries of an economic fall-out. 
 
This has resulted in the prices of S-REITs being dragged down 6.5% from the previous week, and 5.6% year-to-date. 

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