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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