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Yes, Spore is NUMBER ONE again - ie the worse performing REIT in Asia, while REITs in other Asian countries outperform the broader stock market. 
http://www.nationmultimedia.com/2009/02/23/business/business_30096372.php
Real estate funds tumble on financial crisis
The Nation, 23 Feb 2009
Asian Real Estate Investment Trust (REIT) markets suffered their deepest ever fall in the second half of 2008 as the global financial tsunami intensified and the availability of credit was further squeezed following the September collapse of Lehman Brothers, according to CB Richard Ellis' publication.
The correction in Singapore was among the most severe with S-REIT's posting an average loss of 54 per cent between July and December 2008. Nevertheless, with the exception of Singapore, Asian REIT markets still managed to outperform the broader stock markets.
Read More
http://www.nationmultimedia.com/2009/02/23/business/business_30096372.php
Real estate funds tumble on financial crisis
The Nation, 23 Feb 2009
Asian Real Estate Investment Trust (REIT) markets suffered their deepest ever fall in the second half of 2008 as the global financial tsunami intensified and the availability of credit was further squeezed following the September collapse of Lehman Brothers, according to CB Richard Ellis' publication.
The correction in Singapore was among the most severe with S-REIT's posting an average loss of 54 per cent between July and December 2008. Nevertheless, with the exception of Singapore, Asian REIT markets still managed to outperform the broader stock markets.
Read More
