Since the previous article on blue chip Singapore REITs, the general market has recovered considerably. The iEdge S-REIT index, which tracks the performance of Singapore’s largest and most liquid REITs, reflects this.
The REIT index has recovered 9.6% since its October low. All of this comes as there is growing speculation that the US Federal Reserve may slow rate hikes as CPI figures indicate a slowdown in inflation.
Investor sentiment was lifted due to this news, driving the broader market higher as they anticipated recovery from here on out.
Interestingly, throughout this period, several REITs outperformed the rest. While these Singapore REITs have risen significantly, they still have a long way to go before fully recovering. As a result, let’s take a look at six of these REITs that made a significant recovery in November and determine whether you should add them to your list.
Top 6 Best-Performing SREITs...