'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
Singapore
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.
TRENDING NOW
OCBC Q3 profit rises 3% to S$2.04 billion, slightly above expectations
Stocks to watch: OCBC, IHH Healthcare, FLCT, SingPost, Koh Brothers Eco Engineering
From legacy to launch: Francis Yeoh and Yeoh Pei Xien on family unity and YTL’s next‑gen ventures
Wealthy Indonesians snap up government bonds as yields near 8%: OCBC
