S'pore Reits Will Do Well

The prospects for the Singapore Reits market remains bright and the performance of Singapore Reits is expected to outshine those in Malaysia and Hong Kong.

Standard & Poor Equity Research said in a report that continuing robust growth in the Singapore property market will allow Singapore Reits to grow. With favourable regulatory framework, quality assets and managers Singapore Reits are projected to do well into 2008.
It notes that Reit managers here have been capitalizing on the current property upcycle and expanding their portfolios.With the government's new sets of merger and acquisitions guidelines for Singapore Reits it will only bode well for the entire reits industry.