OUE Commercial REIT's Crowne Plaza Changi Airport. (Photo: REITsWeek)OUE Commercial REIT's Crowne Plaza Changi Airport. (Photo: REITsWeek)

The oversupply of hospitality-related properties in Singapore is expected to normalise in 2018, and interest in the sector’s REITs is expected to rise then, DBS Equity Research has noted.

“Interest in sector leader CDL Hospitality Trust should spill over to the rest of the hospitality REITs”, said the firm in an investment note on 3 May.

The bank also noted that Singapore’s 2017 economic growth will be driven mainly by external trade-related sectors such as IT and electronics.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.