Industrial Reits set to continue bullish run in 2021: analysts
They cite climate of low interest rates; demand for logistics warehouses, data centres; acquisitions; and growth rates
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Singapore
DESPITE having outperformed their Singapore real estate investment trust (Reit) counterparts last year, analysts are optimistic that industrial S-Reits will continue their bullish run in 2021.
At a virtual media briefing on Asian property sector in 2021 on Monday, Lee Wee Liat, managing director of corporate broking and sales Asia-Pacific at BNP Paribas, said with reference to the zero interest rate environment back in 2010 to 2015, "it's pretty unanimous" that Reits in places such as Singapore, Hong Kong, Australia and Japan "always outperformed the overall general stock market index".
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