The Business Times
business-time-50
PROPERTY INSIGHTS
·
SUBSCRIBERS

Living with high interest rates

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Wed, Oct 25, 2023 · 12:03 PM
    • The fact that massive redevelopments in the prime Orchard Road belt are being contemplated testifies to the resilience of Singapore’s various property asset classes post-pandemic, writes BT senior correspondent Leslie Yee.
    • The fact that massive redevelopments in the prime Orchard Road belt are being contemplated testifies to the resilience of Singapore’s various property asset classes post-pandemic, writes BT senior correspondent Leslie Yee. BT SCREENSHOT

    STOCK prices of property developers and real estate investment trusts (Reits) have struggled this year, notes Uma Devi.

    Higher interest rates are to blame for the plummeting stock prices of developers and Reits, according to analysts. 

    They see better prospects for Reits as the sector trades at an attractive valuation. The spread of the yield of Reits to the 10-year Singapore government bond exceeds 400 basis points.

    Property Insights

    TRENDING NOW

    Nadiem Makarim (left) has been charged with committing unlawful acts to enrich himself, others or corporations, causing losses to state finances.

    Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial

    H&M said Singapore remains an important market and it will maintain its retail presence here.

    H&M lays off staff in Singapore, moves regional headquarters to Malaysia

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More