Singapore REITs: monthly analysis  – The Property Chronicle
Select your region of interest:

Real estate, alternative real assets and other diversions

Singapore REITs: monthly analysis 

The Analyst

  • FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 876.88 to 842.13 (-3.96%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 890.
  • Yield spread (in reference to the 10-year Singapore government bond of 1.57% as of 2nd October 2021) widened slightly from 4.17% to 4.21%. The risk premium is attractive to accumulate Singapore REITs in stages to lock in the current price and to benefit from long-term yield after the recovery. Moving forward, it is expected that DPU will increase due to the recovery of global economy, as seen in the previous few earning updates. NAV is expected to be adjusted upward due to revaluation of the portfolio.
  • Technically the REIT Index is currently going through correction after failing to break the resistance zone at 875-890. Presently the market sentiment is slightly due to a few reasons (1) China Evergrande debt issue; (2) The potential rate hike by US Fed (3) Sept is a statistically volatile month (4) The continuous increasing trend of Covid-19 cases in Singapore. 

Technical analysis 

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased slightly from 876.88 to 842.13 (-3.96%) compared to the last month update. Currently the Singapore REIT index is still trading with a range between 816 and 890.






The Analyst

About Kenny Loh

Kenny Loh

Kenny Loh is a senior consultant and REITs specialist at Singapore’s top independent financial adviser. He is also a certified financial planner, REIT trainer for the Singapore Exchange, and a certified trainer by the Institute of Banking and Finance Singapore. His personal investment blog is at http://mystocksinvesting.com.

Articles by Kenny Loh

Subscribe to our magazine now!

SUBSCRIBE