Since the outbreak of the novel coronavirus, the FTSE ST Real Estate Investment Index has fallen by close to 3%.
The index tracks a basket of REITs and business trusts listed on the Singapore Exchange (SGX).
Its fall has been exacerbated by a Singapore government decision to ban travellers with history of visiting China in the past 14 days prior to entry.
Evidently, hospitality-related REITs and business trusts are bearing the brunt of the outbreak.
For the trading week that began on 27 January, CDL Hospitality Trust (CDLHT) was pummeled to its 52-week low by institutional investors sell-offs.
Related: Institutional sell-off drives CDL Hospitality Trust to 52-week low
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