Hektar REIT Posts Rm26 78 Million Revenue In 1Q scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
SINGAPORE (THE BUSINESS TIMES) - Tighter measures due to the recent spike in Covid-19 cases may result in near-term weaknesses for reopening trade office and retail Reits (real estate investment trusts), DBS Group Research said in a report on Monday(May 3).
However, the analysts noted that stocks are not expected to revisit the lows which happened in March 2020 despite the increased volatility. This is because the Government and the community are better prepared to curb the community spread, and financial impact to landlords will likely be minimal, DBS said.
The research house anticipates that Reits with a focus on more discretionary trades may see more near-term volatility. This includes SPH Reit, Starhill Global Reit, Lendlease Reit and Mapletree Commercial Trust.
Mingtiandi
Username
OUE Bayfront on Collyer Quay
After a sharp rebound in the first quarter of 2021, Singapore’s property investment volume is set to recapture pre-COVID levels in the coming periods, according to research by Colliers.
The global consultancy said total investment sales in the first quarter rose 25.8 percent from the previous quarter and 47.9 percent from a year earlier to S$3.8 billion ($2.9 billion) as sentiment improved amid the reopening of the city-state’s economy.
In the commercial segment, investment sales surged 377 percent from the previous quarter and 43.8 percent from a year earlier to S$1.1 billion. All calculations exclude mergers and government land sales, Colliers said.