Analysis of Singapore real estate investment trusts (S-REITs).
In this paper, we explore the performance of Singapore Real Estate Investment Trusts (S-REITs) relative to bonds and equities asset classes. The Sharpe Ratio was used as an indicator of risk-return efficiency to determine if S-REITs could be included into a typical portfolio of bonds and equities to...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/15101 |
| _version_ | 1824456482693840896 |
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| author | Liew, Jiun Bin. Liew, Jiun Hua. Chng, Eve Wei Yih. |
| author2 | Kunalan, C. |
| author_facet | Kunalan, C. Liew, Jiun Bin. Liew, Jiun Hua. Chng, Eve Wei Yih. |
| author_sort | Liew, Jiun Bin. |
| collection | NTU |
| description | In this paper, we explore the performance of Singapore Real Estate Investment Trusts (S-REITs) relative to bonds and equities asset classes. The Sharpe Ratio was used as an indicator of risk-return efficiency to determine if S-REITs could be included into a typical portfolio of bonds and equities to provide diversification benefits. Results of our investigations revealed that the S-REITs indeed provided diversification benefits despite a slight deviation from the performance of REITs in other geographical regions. Of the factors that affected the risk-return efficiency of S-REITs, it was found that two main factors, namely, credit worthiness and earnings stability, had the most significant impact on S-REITs in maximizing their risk-return efficiency. However, investors should be aware that S-REITs have yet to undergo a full business cycle and the local market has yet to acquire a holistic view of the performance of S-REITs. |
| first_indexed | 2025-02-19T03:54:48Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/15101 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2025-02-19T03:54:48Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/151012023-05-19T05:44:58Z Analysis of Singapore real estate investment trusts (S-REITs). Liew, Jiun Bin. Liew, Jiun Hua. Chng, Eve Wei Yih. Kunalan, C. Nanyang Business School Chan-Ng, Ai Lin DRNTU::Business::Finance::Equity In this paper, we explore the performance of Singapore Real Estate Investment Trusts (S-REITs) relative to bonds and equities asset classes. The Sharpe Ratio was used as an indicator of risk-return efficiency to determine if S-REITs could be included into a typical portfolio of bonds and equities to provide diversification benefits. Results of our investigations revealed that the S-REITs indeed provided diversification benefits despite a slight deviation from the performance of REITs in other geographical regions. Of the factors that affected the risk-return efficiency of S-REITs, it was found that two main factors, namely, credit worthiness and earnings stability, had the most significant impact on S-REITs in maximizing their risk-return efficiency. However, investors should be aware that S-REITs have yet to undergo a full business cycle and the local market has yet to acquire a holistic view of the performance of S-REITs. BUSINESS 2009-03-25T09:08:41Z 2009-03-25T09:08:41Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/15101 en Nanyang Technological University 61 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Equity Liew, Jiun Bin. Liew, Jiun Hua. Chng, Eve Wei Yih. Analysis of Singapore real estate investment trusts (S-REITs). |
| title | Analysis of Singapore real estate investment trusts (S-REITs). |
| title_full | Analysis of Singapore real estate investment trusts (S-REITs). |
| title_fullStr | Analysis of Singapore real estate investment trusts (S-REITs). |
| title_full_unstemmed | Analysis of Singapore real estate investment trusts (S-REITs). |
| title_short | Analysis of Singapore real estate investment trusts (S-REITs). |
| title_sort | analysis of singapore real estate investment trusts s reits |
| topic | DRNTU::Business::Finance::Equity |
| url | http://hdl.handle.net/10356/15101 |
| work_keys_str_mv | AT liewjiunbin analysisofsingaporerealestateinvestmenttrustssreits AT liewjiunhua analysisofsingaporerealestateinvestmenttrustssreits AT chngeveweiyih analysisofsingaporerealestateinvestmenttrustssreits |