Singapore REITs had a fantastic run in the past 2 years, probably from the spill over effect from the hot property market. With many cooling measures implemented by the Singapore Government, we have yet to see heavy correction on the property prices. However, many property-related stocks have came down in price, making new 1-year lows. This is a very weak sign for property stocks, or even the property market itself. It might be the tapering of US bond buying and the threat of rising interest rate. Whatever it is, there has been strong selling of property stocks in the past 6 months.

REITs and Property Trusts

These are the REITs which had made new 9-mth or 1-year lows just last week:

  • Ascendas Hospitality Trust: -32%; $1.06 (15 Mar 13) to $0.72 (28 Aug 13)
  • Ascendas Industrial: -31%; $0.86 (25 Apr 13) to $0.59 (28 …