DBS expects Singapore REITs to reach 2013 highs as concerns over rates ease

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Singapore-listed REIT’s have recorded returns of about 14% in the year-to-date, but current momentum could see them go even higher, said DBS Equity Research in a recent report on the sector.

As such, Singapore REITs may go on to test the highs recorded in May 2013 when similar macro-economic conditions, such as a dovish US Federal Reserve, were prevailing.

In May 2013, the benchmark FTSE ST Real Estate Investment Trusts Index reached 890.

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