Better year expected for office and hospitality Reits
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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.
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