Take a peek in latest chart ... link.
In case link broken in the future .... here's the chart which show an excellent chart on forward dividend yield. Using Indonesia, Singapore has 47% capital appreciation to go. 38% using Japan yield as a reference. In a market of overflowing cash, ever lowering yield is way to go. Of-course this is still dependent on which stock we choose as the data is broad average. Some companies can still perform major screw-up. Will you be net buyer today ? Reits hold very well so far in the market....