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S-REITs to provide higher income, resilience amidst global disruption: HSBC

Singapore’s economy will stand out from a growth trajectory perspective.

Some real estate investment trusts (REITs) in Singapore may provide higher income and resilience to the economy in the second half of 2022 whilst inflationary pressures remain, said James Cheo, chief investment officer for Southeast Asia, Global Private Banking and Wealth.

"The Singaporean dollar is supported by the Monetary Authority of Singapore's appreciation bias and its resilient underlying fundamentals such as current account surplus and strong capital inflows,” added Cheo, in a statement which indicated HSBC’s outlook for Singapore.

READ MORE: Are S-REITs still a safe haven amidst rising rates?

Even as energy shocks and supply chain disruptions continue globally, Cheo underscored Singapore’s economy will stand out from a growth trajectory perspective. The market’s economy remains robust because of the semiconductor and pharmaceutical industry.

Cheo said Singapore is one of the first countries to push for border reopening, which will give Singapore a first-mover advantage, especially for its status as a global transportation hub.

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