Singapore REITs

SINGAPORE (July 18): The STI has rebounded since news of the UK voting in a referendum on June 24 to leave the European Union, suggesting the market has brushed off fears over Brexit.

SINGAPORE (July 14): Singapore’s hospitality sector might be a “comeback kid” against the backdrop of a lackadaisical 2015 as recently-released data for May 2016 point to a spectacular 62.9% y-o-y increase in visitors from China.

SINGAPORE (July 13): Daiwa Capital Markets is keeping its “positive” rating on Singapore Real Estate Investment Trusts (S-REITs), but has “low expectations” ahead of announcement of 2Q16 results by the 14 S-REITs under its coverage starting Friday

SINGAPORE (July 12): Religare says it continues to favour S-REITs over developers and residential plays, given the relatively stable Singapore dollar and an “attractive yield spread” of c.455 bps compared to the historical yield spread of 350-380 bps.

SINGAPORE (July 5): Religare’s head of Asean real-estate research, Tata Goeyardi, has expressed surprise at Mapletree Commercial Trust’s (MCT’s) acquisition of Mapletree Business City’s (Phase 1) office and business park components for a purchase

SINGAPORE (June 28): Despite the Brexit’s limited economic impact on Singapore, DBS Vickers is warning of a potential contagion scenario, where the Brexit triggers a chain reaction among other EU nations demanding to hold their own referendums breaking

SINGAPORE (June 22): RHB is maintaining its “neutral” stance on the office sub-sector of Singapore REITs as it expects spot rents to fall further.