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Singapore Reits offer value against HK, US peers
But the depreciating Singapore dollar, plus too many leveraged private clients in local Reits in face of an interest rate hike, are causes for concern
Published Sun, Mar 22, 2015 · 09:50 PM
Singapore
AS THE US Federal Reserve prepares to hike interest rates for the first time since 2006, there are differing views on the impact on Singapore real estate investment trusts (Reits).
On the one hand, the effect of the rate hike on Reit income will be minimal as the impact on interest costs will be spread out over many years, said Pearly Yap, a portfolio manager with Eastspring Investments.
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