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Chase for yields sends S-Reits on a bull ride this year

SGX head of listings says new asset classes such as self-storage, student accommodation, and multi-family homes could join the S-Reit universe in 2020

Published Tue, Dec 10, 2019 · 09:50 PM

Singapore

IT has been such a good year for Singapore real estate investment trusts (S-Reits) that some are wondering if their upside will last much longer.

Several brokerages have shifted from their "buy" calls earlier this year. CGS-CIMB downgraded the sector to "neutral" in its Nov 19 report, citing diminishing prospects after the US Federal Reserve signalled a potential end to further rate cuts; UBS in its 2020 outlook described S-Reits as "rather pricey".

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