Credit crunch could force Singapore REIT consolidation

03/4/2008 | Reuters

Real estate investment trusts in Singapore may be forced to consolidate as the credit squeeze continues. No fewer than six of Singapore's 20 REITs are currently valued below what their properties are worth. "I would expect consolidation to gather pace in the course of the next six to 12 months," said Tony Darwell, head of Asian equity research at Nomura.

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