Better year expected for office and hospitality Reits

Singapore

WITH rate hike and sector consolidation fears petering out over 2017, real estate investment trusts (Reits) made a startling rebound to outdo the benchmark Straits Times Index with a 20.6 per cent rise in unit prices last year.

What turned the tide was a better-than-expected improvement in Singapore's economic growth and a levelling out between supply and demand over the course of the year.