As expected, impact of Budget 2015 on S-Reits is minimal

Singapore

SINGAPORE real estate investment trusts (Reits) welcomed the extension of tax incentives on Tuesday, with the FTSE ST Reit index rising a modest 0.6 per cent to 804.29.

Analysts had expected as much - that the impact, both of the incentive extensions and the lapse of the stamp duty remissions, would be minimal on Reits.