Asia Square Tower 2 (Photo: REITsWeek)

Unit prices of Singapore-listed REITs have taken a beating in recent days, in line with a broader dip seen in global REIT markets.

Prices for number of blue-chip REITs have fallen by as much as 7%, since 14 February 2018 over inflation fears, and the subsequent spike in 10-year bond yields.

This spectre of rising interest rates has thus eroded the attractability of REITs a yield-generating investment.

However Singapore’s finance minister Heng Swee Keat unveiled the country’s budget on 19 February, revealing a number of measures that can be expected to bolster prices of Singapore-listed REITs in the quarters ahead.

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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.