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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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".
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
