02 Feb '11, 3pm

[CNA] Retail-linked REITs seen benefitting from growth in retail sales

[CNA] Retail-linked REITs seen benefitting from growth in retail sales

SINGAPORE : Sustained economic growth and strong tourist arrivals in the next two years are expected to spur growth in retail sales. This could bode well for real estate investment trusts (REITs) that own shopping malls. Some analysts are singling out retail-linked REITs as good investment bets. They are bullish, in particular, about those that own shopping malls in the prime Orchard Road area. Mall owners in the Orchard Road area have a lot to look forward to. Analysts said tourism and increasing consumer confidence will continue to spur retail sales this year. And with no new malls coming up in the area, retail rents there could rise by up to 5 per cent. Ong Kian Lin, investment analyst at OCBC Investment Research, said: "If you take a walk along Orchard, you see that there are more shoppers traffic after the facelift. Not only are there more tourists, but there are also...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

Tweets

Retail-linked REITs a good choice: Analysts: It...

todayonline.com 23 Jan '11, 10pm

SINGAPORE - With improving economic indicators and rising tourist arrivals, analysts are singling out retail-linked real e...

DTN Singapore: Retail investors bullish on Sing...

channelnewsasia.com 25 Jan '11, 1pm

SINGAPORE : Retail investors in Singapore are more bullish on the outlook for the local stock market in the next six month...

DTN Singapore: Retail sales up 2.7% in Dec: SINGAPORE: Retail sales in Singapore rose a seasonally adjusted 2.7

DTN Singapore: Retail sales up 2.7% in Dec: SIN...

channelnewsasia.com 15 Feb '11, 6am

SINGAPORE: Retail sales in Singapore rose a seasonally adjusted 2.7 per cent in December from the previous month. The Depa...

DTN Singapore: Bak kwa sales stay strong despite high prices: SINGAPORE: As Singaporeans usher in the Year of th...

DTN Singapore: Bak kwa sales stay strong despit...

channelnewsasia.com 02 Feb '11, 8am

SINGAPORE: As Singaporeans usher in the Year of the Rabbit, some are grumbling about the rising costs of Chinese New Year ...

Property investment sales market up in Q4 last ...

channelnewsasia.com 24 Jan '11, 1pm

SINGAPORE : Property consultant Colliers International said Singapore's property investment sales market strengthened furt...

Property price growth slows: by Joanne Chan SIN...

todayonline.com 28 Jan '11, 10pm

SINGAPORE - Reaffirming earlier flash estimates, official housing figures unveiled on Friday showed that the growth of pro...

Philippines posts record economic growth

Philippines posts record economic growth

channelnewsasia.com 31 Jan '11, 9am

MANILA: The Philippine economy grew at its fastest pace last year since democracy was restored more than two decades ago, ...

December 2010 Retail Sales Post 1.8% Rise On-Ye...

business.gov.sg 16 Feb '11, 4am

It was a jolly end to the year for retailers in December 2010 as they raked in 1.8% more in sales compared to a year ago. ...