Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222719
Title: EFFECT OF COVID-19 ON REITS IN SINGAPORE
Authors: SHAMIR ROBINSON PANACKAL SEBASTIAN
Keywords: 2020-2021
Real Estate
Bachelor's
BACHELOR OF SCIENCE (REAL ESTATE)
Ong Seow Eng
Events study, COVID-19, Pandemic, S-REITs, Crisis, Singapore
Issue Date: 12-Apr-2021
Citation: SHAMIR ROBINSON PANACKAL SEBASTIAN (2021-04-12). EFFECT OF COVID-19 ON REITS IN SINGAPORE. ScholarBank@NUS Repository.
Abstract: The Singapore Real Estate Investment Trust (S-REIT) market has grown tremendously since its inception in 2002, with 42 listed REITs currently as of 2020, and a market capitalisation of over S$100 billion. This research paper explores the impact of the COVID-19 pandemic in Singapore on the stock market returns of REITs. There are very few, if not, no research papers at all right now, that have explored how COVID-19 has impacted REITs, given its relatively new occurrence in our global climate. An event study methodology will be adopted, considering key announcement dates on which the Singapore Government released information regarding the spread and control measures of this pandemic. We compare the performance of REIT during the COVID-19 pandemic by examining abnormal returns using an event study market model regression. We notice a mixed reaction to the movement of prices, and while there were standard sectors that got impacted, such as the hospitality sector, it is still very interesting to see how the stock market is not an actual representation of the state of the economy.
URI: https://scholarbank.nus.edu.sg/handle/10635/222719
Appears in Collections:Bachelor's Theses

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