Better year expected for S-Reits as data centre, hospitality players top volatile 2023
Add BT as a preferred source
Raphael Lim
MARKET watchers are expecting fortunes to turn for Singapore-listed real estate investment trusts (S-Reits) in 2024, as interest rate fears abate amid signs of stabilising inflation.
This comes after S-Reits faced volatile trading in 2023, with the yield-sensitive instrument heavily affected by changes in interest rate expectations through the year.
“We think the biggest catalyst for S-Reits this year is definitely a pivot in the interest rates. This will take off some pressure faced by S-Reits refinancing their debt in 2024,” said Morningstar analyst Xavier Lee.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
