The Business Times
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PROPERTY INSIGHTS

Living with high interest rates

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.

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