Institutional buy volumes for Singapore REITs turn negative in wake of strong rally

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Singapore REITs have rallied strongly in 1Q 2019 and institutional investors now appear to be taking a profit on the sector, said Morgan Stanley in a recently released observation.

The investment bank noted that prices of Singapore REITs rose 11% in 1Q 2019, outperforming the benchmark Straits Times Index (STI) by 6 percentage points.

This observation has come at a time when indices tracking Singapore REITs, including the FTSE ST REIT Index, have reached close to their respective 52-week highs.

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