The Nation, 23 Feb 2009
Asian Real Estate Investment Trust (REIT) markets suffered their deepest ever fall in the second half of 2008 as the global financial tsunami intensified and the availability of credit was further squeezed following the September collapse of Lehman Brothers, according to CB Richard Ellis' publication.
The correction in Singapore was among the most severe with S-REIT's posting an average loss of 54 per cent between July and December 2008. Nevertheless, with the exception of Singapore, Asian REIT markets still managed to outperform the broader stock markets.
Read More
