Singapore Developers, Asset Managers Preferred Over REITs, Citi Says -- Market Talk

Dow Jones04-01

0717 GMT - Citi now prefers Singapore property developers and asset managers over real-estate investment trusts within the city-state's property sector. Analyst Brandon Lee cites valuations, active capital management, rising inflation and strong residential sales as reasons for this preference. Developer stocks have broadly outperformed REITs this year, but underperformed financials and the benchmark FTSE Straits Times Index, he says. His top developer picks include City Developments and UOL Group. Among REITs, he prefers mid-to-large-cap ones with large domestic exposure, inflation-linked leases and high fixed or hedged-debt proportions. These include Frasers Centrepoint Trust, Keppel DC REIT and Mapletree Pan Asia Commercial Trust.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 01, 2026 03:17 ET (07:17 GMT)

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His top developer picks include <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> and UOL Group. Among REITs, he prefers mid-to-large-cap ones with large domestic exposure, inflation-linked leases and high fixed or hedged-debt proportions. 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Analyst Brandon Lee cites valuations, active capital management, rising inflation and strong residential sales as reasons for this preference. Developer stocks have broadly outperformed REITs this year, but underperformed financials and the benchmark FTSE Straits Times Index, he says. His top developer picks include <a href=\"https://laohu8.com/S/C09.SI\">City Developments</a> and UOL Group. Among REITs, he prefers mid-to-large-cap ones with large domestic exposure, inflation-linked leases and high fixed or hedged-debt proportions. These include <a href=\"https://laohu8.com/S/J69U.SI\">Frasers Centrepoint Trust</a>, <a href=\"https://laohu8.com/S/AJBU.SI\">Keppel DC REIT</a> and <a href=\"https://laohu8.com/S/N2IU.SI\">Mapletree Pan Asia Commercial Trust</a>.(megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2026 03:17 ET (07:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999000475.SGD","symbol_name":"Aberdeen Standard Singapore Equity SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2624951560","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624951560","pubTimestamp":1775027820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0717 GMT - Citi now prefers Singapore property developers and asset managers over real-estate investment trusts within the city-state's property sector. 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Analyst Brandon Lee cites valuations, active capital management, rising inflation and strong residential sales as reasons for this preference. Developer stocks have broadly outperformed REITs this year, but underperformed financials and the benchmark FTSE Straits Times Index, he says. His top developer picks include City Developments and UOL Group. Among REITs, he prefers mid-to-large-cap ones with large domestic exposure, inflation-linked leases and high fixed or hedged-debt proportions. These include Frasers Centrepoint Trust, Keppel DC REIT and Mapletree Pan Asia Commercial Trust.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2026 03:17 ET (07:17 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624951560","isCrawlerRequest":true}