Singapore tops in REITs after Japan

By BUSINESS TIMES

SINGAPORE: Singapore’s real estate investment trust (REIT) market has become the biggest in the Asia-Pacific region outside Japan, Trade and Industry Minister Lim Hng Kiang said yesterday. Since the first REIT listing in 2002, Singapore now has 16 listed REITs with a total market capitalisation of S$26 billion (S$1= RM2.26), he said in a speech to a property conference. In 2006, Singapore saw its first dedicated hotel REIT and Asia’s first healthcare REIT, said Lim.