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Investors must brace for more volatility as S-Reits dip to near Covid-19 lows

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Raphael Lim

Raphael Lim

Published Wed, Nov 1, 2023 · 05:00 AM
    • While the mood in the Reit sector is rather bearish at the moment, the lower entry prices now could tempt bargain hunters.
    • While the mood in the Reit sector is rather bearish at the moment, the lower entry prices now could tempt bargain hunters. PHOTO: PIXABAY

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    UNIT prices of Singapore-listed real estate investment trusts (S-Reits) are trading close to their lowest levels in over three years.

    The i-Edge S-Reit index closed at 963.91 points last Thursday (Oct 26), down 15.1 per cent for the year to date. It was the lowest close for the index since 2020, when it hit 948.14 on Mar 23 that year, at the bottom of the Covid-19 induced sell-off.

    Nearly all S-Reits have also delivered negative total returns over the past month.

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