Not all SG REIT is bad.. most of the reit which has price drop is due to rights offer which leads to selldown.

BTW two MY REITs also got rights offer recently, but no selldown, investor do not understand the consequences? 

Anyway, SG REIT is quite beaten down already..... some REIT at 8%-10% yield is too tempting...  First REIT, AIMSAMPI and LippoMall looks good... In the last market crash some SG REIT went down to -80%, with yield over 25%. 

I do not agree .

Yield today has a lot to do with the stability/risk , acceptability and confidence levels of the investors.

You can see German Bonds are of much lower yields, but you cannot say Italy Bonds give more logical returns.

S Reits do have some histories of problems, so logically it affects the risk and confidence levels of the investors. Maybe like  of higher  Fear Volatility . Constant issuing of right shares may be a sign of these weaknesses.

On the other hand, M Reits yields are dropping slowly though the world markets as U know.......

In period of instability, opting for some stability is not a bad option.