Rate cuts will give S-Reits a boost, but don’t expect a return to the glory days soon
The improvements are likely to be slow and steady, in tandem with what are likely to be incremental rate cuts over the next few years
Add BT as a preferred source
THE US Federal Reserve’s long-awaited interest-rate cut spells relief for global markets, which have had to cope with rate hikes since March 2022.
Before the super-sized rate cut of half a percentage point last week, interest rates had soared from around zero to 5.5 per cent.
In particular, Singapore-listed real estate investment trusts (S-Reits) will breathe a sigh of relief.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
JLL Singapore cuts over 20 jobs or 1% of workforce; Knight Frank Singapore also lays off staff
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1
