Property stocks, which had their best annual gain in five years in 2017, have declined 5.4% since July 5, while REITs are up 1% over the same period.
SINGAPORE: Buy the businesses that hold the real-estate assets rather than the ones that sell them.
That’s the message from a growing number of analysts in Singapore who say REITs, or real estate investment trusts, are a better bet than developers in light of the island’s recent cooling measures.
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