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No right time to remove tax breaks for Reits

The industry waits with bated breath on whether the Finance Minster's Budget 2015 will reveal an extension of these concessions.

Published Thu, Feb 12, 2015 · 09:50 PM

SINCE the listing of the first Singapore real estate investment trust (S-Reit) in 2002, the market for S-Reits has flourished. Today, there are 28 S-Reits and six stapled securities (Reit bundled with registered business trust) listed on Singapore Exchange (SGX) with a total market capitalisation of S$67 billion. The S-Reits achieved an average total return of 12.9 per cent in 2014, beating the Straits Times Index's 9.5 per cent return.

Undeniably, tax breaks have been…

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