Singapore real estate investment trusts, or REITs, may suffer from a surge in new commercial properties and below-average economic growth, according to Moody's Investors Service. “Based on the substantial supply of commercial properties due to come on stream over the next two years we expect the fundamental prospects for the sector to remain challenging,” Peter Choy, Moody's senior credit officer, said in a report e- mailed on March 18.Singapore's economy may expand 6.5 percent this year, according to the median forecast of 20 Singapore and published on March 10. Link
