REITS this year is likely to remain at between 4 per cent and 5 per cent, given the property overhang in the country. — Picture by Yusof Mat Isa
“But the yields of REITs in Malaysia is not likely to pick up in the near future as our present interest rate cycle is expected to remain flat at the current level amid the economic slowdown,” he told reporters here today after a presentation on global REITs and the launch of Manulife Shariah Global REIT Fund, the world’s first Shariah global REIT fund that is available for retail investors.
“While the world’s ageing population would lead to the growth of medical centres and retirement homes,” he added. As for Hong Kong REITs, he said the market offered attractive valuation and was seeing improving real estate fundamentals which favoured the retail sub-sector there.
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