Singapore REITs bottoming out says DBS, with six ‘Buy’ recommendations

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Despite tprospects of at least three interest rate hikes in 2018, DBS Equity Research opines that the Singapore REIT market is bottoming out amid improved operating fundamentals.

The recent correction in share prices, which has pushed up yields to around 6.0%, has also made Singapore REITs more attractive.

As such, DBS senses that investors are now keen to re-enter the sector at these lower prices, especially given the expected rebound in growth rental rates across Singapore REITs.

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