Analysis: Singapore REITs defy gravity in face of interest rate hikes


Amid recent interest rate hikes, prices of Singapore REITs have defied conventional wisdom by advancing against the broader stock market index.

Since 25 June when it reached a year-to-date low of 774.83, the FTSE ST REITs Index, which is widely seen as the barometer of the Singapore REITs sector, has bounced back by almost 4% to end at 805.44 on 24 August.

This is in sharp contrast to the broader FTSE Straits Times Index, which has returned just above 1.4% in the same period.

Why have Singapore REITs defied expectations are factors driving the seemingly robust performance of Singapore REITs, and can it be expected to last?

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