Singapore is still in Phase 2 of reopening the economy and businesses are slowly getting used to the new normal and are adapting well. This is apparent especially with the local REITs, as analysts are gaining more confidence in the sector and are venturing out of their safe zone to invest more in other Singapore REITs (S-REITs).

S-REITs gained marginally by 0.3% from August 16 to 30, and many recovery plays were seen, according to UOB Kay Hian. The top performers for that period came mostly from the retail REITs, Hospitality REITs and a Healthcare REIT.

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