| From Straitstimes.com: Singapore Reits are facing its worst crisis since its debut eight years ago. Property experts said on Friday that although real estate investment trusts (Reits) will eventually survive the current turmoil in the global economy, some Reits could fail before that, and the industry will see further consolidation.
'S-Reits have been undergoing the most challenging and difficult times since its inception,' said property giant City Development's group general manager Chia Ngiang Hong.....Full Article: Source |