As sentiments in the retail, office and hospitality Singapore REIT (S-REIT) subsectors take yet another hit amid Singapore’s return to Phase 2 (Heightened Alert) measures, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong see any downside as an opportunity to buy in.
The new curbs, which begins on July 22, will last till Aug 18. They were re-introduced amid the sharp rise in community cases from the recent KTV and Jurong Fishery Port clusters, just when Singapore had loosened measures on July 19.
