Singapore is one of the few developed markets in Asia along with South Korea, Japan and Hong Kong.
The REITs listed in Singapore predominantly invests and develop in Singapore but recently it has expanded into China and notably Australia.
Top 5 Singapore REITs
Ascendas REIT (SGX A17U) takes the crown as Singapore’s largest REIT with total market cap at more than S$11 billion. It is Singapore’s largest owner of suburban office and industrial park and recently it has expanded beyond Singapore into UK, Australia and United States.
The scale of diversification can be seen in its income where no single property account for more than 5% of the monthly gross rent.
Currently Capitaland owns 19% of the REIT and the management rights of the trust.
Singapore is a tightly held market and all of the Top 5 Singapore REITs are affiliated to either CapitaLand or Mapletree.
- MapleTree Logistic Trust
- CapitaLand Mall Trust
- CapitaLand Commercial Trust
- MapleTree Commercial Trust
Singapore REIT List
Due to market volatility we have rounded the market capitalization to the nearest S$50 million. Idea of the list is to give a sense of relative scale rather than the exact size.
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