It’s time to bottom fish in Singapore REITs – The Property Chronicle
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It’s time to bottom fish in Singapore REITs

The Fund Manager

I believe it is now time to bottom fish in Singapore property developers and selected REITs on SGX. Why?

One, Singapore benefits from US supply chain reconfigurations away from China and Hong Kong’s pro-democracy political unrest. Two, Singapore is the world’s best governed, least corrupt, most technologically advanced city state that has attracted the crème de la crème of the world’s multinational corporations and knowledge worker executives. Three, Singapore is Asia’s pre-eminent offshore tech hub as attested by the local footprint of Alibaba, Tencent, Huawei, ByteDance, Samsung and Fujitsu.

Four, Singapore home prices are still undervalued at $1,500 a square foot, one-third the prices in Hong Kong. Suburban home prices in Singapore rose 3.4% in Q3 2020, clear evidence of Chinese and Indian buyers. Five, Singapore’s Anglo-Saxon legal code makes it an irresistible magnet for citizens of the developing world’s Richistans, including the wealthiest citizens of my own Land of the Pure. Though our ex-head honcho prefers to invest his billions in Mayfair. Too bad PMLN stands for the Panama Money Laundering Network.

Asia is going to be the macro winner in 2021 in terms of property prices, economic growth and covid-19 virus infections/death toll

The Fund Manager

About Matein Khalid

Matein Khalid

Matein Khalid is Chief Investment Officer and Partner at Asas Capital. He is responsible for global investment strategies, merchant banking, and the development of the multi-family office investment platform, advising ultra-high net worth royal and family offices in the UAE on global equities markets and foreign exchange.

Articles by Matein Khalid

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