Singapore Real Estate Investment Trusts (S-REITs) have surged as inflation in the US shows signs of cooling.
An analyst at Industrial Bank Singapore, said that whether the sell-off in S-REITs is coming to an end depends largely on when global inflation, particularly in the US, reaches its peak, and when the US Federal Reserve starts to slow down in raising interest rates. And he expected that the S-REIT is likely to bottom out in the next three to six months...