In 2010, REITs in Singapore won't rise dramatically as a group the way they did in 2009, said Meenal Kumar, an investment analyst at OCBC Investment Research. For the REIT sector as a whole, "I think we're more neutral than optimistic," Kumar said. There will be a lot more variation between the performance of Singapore's various REITs in 2010, she said. "It will be more of a stock picker's market," she said.

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