Singapore REITs have rallied more than 20% in 2025, buoyed by easing bond yields and resilient demand across offices, retail and logistics. But despite the rebound, the sector still trails broader Asian equities, raising questions about whether valuations can stretch further.

Dan Koh speaks with Xavier Lee, Equity Analyst at Morningstar, to unpack the latest Morningstar Industry Pulse Q3 2025 Report, from what’s driving the recovery to which sectors stand out, how rate cuts could shape returns, and the S-REITs that still offer compelling value today.

Singapore REITs have rallied more than 20% in 2025, buoyed by easing bond yields and resilient demand across offices, retail and logistics. But despite the rebound, the sector still trails broader Asian equities, raising questions about whether valuations can stretch further.
Dan Koh speaks with Xavier Lee, Equity Analyst at Morningstar, to unpack the latest Morningstar Industry Pulse Q3 2025 Report, from what&rsquo;s driving the recovery to which sectors stand out, how rate cuts could shape returns, and the S-REITs that still offer compelling value today.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.

In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore&rsquo;s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.
In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station.

MONEY FM 89.3

Insightful discussions on the latest market events and the top companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek (6am-9am)

Bigger Pic: Are Singapore REITs back in play for income investors

“Wild goose chase”, “break the ice”, “fair play”...  turns out, we’ve all been quoting William Shakespeare without even realising it. In this fun quiz, we break down the everyday phrases he coined, what they originally meant, and why they still show up everywhere from business meetings to casual conversations today.

Presented by Audrey Siek and Ryan Huang

Produced by Audrey Siek

Edited by Trisha Yeong

Music & Picture credit: Pixabay & its talented community of contributors

&ldquo;Wild goose chase&rdquo;, &ldquo;break the ice&rdquo;, &ldquo;fair play&rdquo;...&nbsp; turns out, we&rsquo;ve all been quoting William Shakespeare without even realising it. In this fun quiz, we break down the everyday phrases he coined, what they originally meant, and why they still show up everywhere from business meetings to casual conversations today.
Presented by Audrey Siek and Ryan Huang
Produced by Audrey Siek
Edited by Trisha Yeong
Music &amp; Picture credit: Pixabay &amp; its talented community of contributors

Breakfast Quiz: Bet you had no idea these super common phrases were Shakespeare's! 

Buying property has long been seen as the go-to strategy for building wealth in Singapore. But when you look at the numbers, returns don’t always outpace other investments like equities.

So why does real estate continue to hold such a strong grip on how Singaporeans think about growing their money? Alan Cheong, Executive Director of Research & Consultancy at Savills Singapore, to unpack the enduring appeal of property.

Produced and presented by Audrey Siek

Buying property has long been seen as the go-to strategy for building wealth in Singapore. But when you look at the numbers, returns don&rsquo;t always outpace other investments like equities.
So why does real estate continue to hold such a strong grip on how Singaporeans think about growing their money? Alan Cheong, Executive Director of Research &amp; Consultancy at Savills Singapore, to unpack the enduring appeal of property.
Produced and presented by Audrey Siek

Bigger Pic: Why is property still our go-to wealth strategy?

From all-you-can-eat buffets (and the extra kilos that come with it) to the surprising trend of retirees choosing life at sea, we dive into the business and lifestyle of cruising. With Singapore Tourism Board naming Singapore a regional cruise hub, we unpack why we love cruises so much! Is this just a holiday… or a whole new way of living? 

Presented by Audrey Siek and Ryan Huang

Produced by Audrey Siek

Edited by Trisha Yeong

Music and picture credit: Pixabay and its talented team of contributors

From all-you-can-eat buffets (and the extra kilos that come with it) to the surprising trend of retirees choosing life at sea, we dive into the business and lifestyle of cruising. With Singapore Tourism Board naming Singapore a regional cruise hub, we unpack why we love cruises so much! Is this just a holiday&hellip; or a whole new way of living?&nbsp;
Presented by Audrey Siek and Ryan Huang
Produced by Audrey Siek
Edited by Trisha Yeong
Music and picture credit: Pixabay and its talented team of contributors

Bigger Pic: Are Singapore REITs back in play for income investors

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Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek (6am-9am)

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