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REITs To Buy In October 23 Crash
By My Sweet Retirement  •  October 22, 2023
Are you wondering what REITs to buy in October 23 crash? Last week, there was a big drop in REIT prices. For example, Keppel DC REIT (SGX:AJBU) fell from opening price of S$2.03 on Monday to S$1.72 on Friday. That is almost a 15% dip in share price! The share price of blue chip CapitaLand Ascendas REIT (SGX:A17U) also dropped from S$2.70 to $2.48. That is almost a 8% dip! My observation was that institutional investors are selling off blue chip REITs. They may have insider news of something big boiling but I do not know. Nevertheless, the big REIT crash was no surprise to me given the following negative events that have been impacting REITs for quite some time.
  • Possibility of another interest rate hike and high interest rates staying longer.
  • China Property Crisis.
  • Israel-Hamas Conflict.
On Friday 20th October 2023, many fellow dividend investors like Dividend Tech Warrior and The Life Investors had opened their war chest to start...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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