The Singapore REITs (S-REITs) seems to be heading for a winter. I had written a piece “Are REITs Doomed?” here back on 23 October 2022. Coincidentally, based on the iEdge S-REIT Leaders Index¹, it had bottomed out just two days before the above post was published, before starting its recovery to the next one-year high at around early February 2023 (see Figure 1). Now, looking at Figure 1, you could see that the index is heading downwards again, sparking an early winter in 2023. Fig. 1: iEdge S-REIT Leaders Index SGD, 1 year chart (as of 20 Aug 2023) For myself, these down periods constituted a sales period when you could get counters at a discount. However, due to the economic situation of high interest rates, and properties are not doing well in most countries, we need to be selective on getting good, discounted REITs. The following are what I am looking at. Do note that we have these counters in our portfolio and we are...