Ascott Reit

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  • #15537


    For Dehong / Tara,

    How do you view the potential of serviced residences? Take for the example of Ascott Reit, which is one of the most geographically diversified Reit in Singapore.


    Research Department


    Thank you for your patience. We do not have an official coverage of S-REITs within the hospitality sector. But generally we remain optimistic on RevPAR trajectories in Singapore for hotels and serviced residences as the supply glut will taper off from last year. The new URA consultation paper to allow short term accommodation for condos provided 80% of owners agree, is also not seen to be a threat due to the onerous requirements imposed. For other regions, each one of them will have their own demand/supply dynamics so you will need to zoom in property specific for each REIT.

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