'Limited' risk of big price correction for S-Reits
Credit Suisse strategists note unit prices for S-Reits remain supported even though their near-term upside could be capped following a 20% rally this year
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THE risk of Singapore real estate investment trusts (S-Reits) facing major price corrections in the coming year is limited as long as global borrowing rates stay low, Credit Suisse said at an investment outlook for 2020 on Monday.
Strategists at the Swiss wealth manager noted unit prices for S-Reits remain supported even though the near-term upside could be more constrained after the asset class' 20 per cent rally this year and with yields of 10-year Singapore government bonds close to historical lows.
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