SINGAPORE (Feb 5): Singapore-focused office real estate investment trusts are being increasingly seen as a proxy for rising GDP growth. Their distribution per unit (DPU) yields are below 5%, yet their unit prices continued to rise last year. Perhaps they have risen too much — the largest office REITs did retreat somewhat in January. But, if the rental outlook remains positive, their asset valuations may rise further, propelling their net asset values higher.

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