Biggest Singapore REIT IPO gain in 6 years shows yield thirstConstruction workers lean on a fence adorned with a sign for the construction company Lendlease at a construction site in central Sydney, Australia. (Reuters file photo)SINGAPORE: Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian investors. “If one looks at the commercial REITS, not many are giving about 6% yield” so people will move into this stock, he said. Investors have been piling into Singapore REITs as central banks across the globe cut interest rates amid economic growth concerns. Shares of the Lendlease REIT closed 4.6% higher.

Source: Bangkok Post October 02, 2019 10:18 UTC