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Macquarie bearish on Singapore, other Asian Reits

China's slowdown has had a flow-on effect in S'pore, HK, Japan and Australia, says bank's asset management unit

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Mr Zenouzi sees some takeovers and mergers in the sector in Singapore this year given low valuations of Reits and oversupply of real estate

Singapore

THE asset management arm of Macquarie Bank has been "underweight" on Asian real estate investment trusts (Reits), and will continue to be so until there is some stability in China's economy.

In the meantime, low valuations of Reits and real estate oversupply in Singapore

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