Best time for REITs

1) Interest rate is low means financial cost is low
2) property price high, if price drops, have to raise equity to reduce debt ratio
3) PB at 1.2 level, only property keeps appreciating can support it
4) Vacancy rate consider as stable (URA data), 6.7%. But for good REITs I am holding, 97% plus, hard to further increase.

Although yield is still attractive, but compare with potential capital loss, no point to buy now.

Reference:
http://www.sharesinv.com/articles/2013/02/26/are-singapore-reits-still-attractive/