Asia Square Tower 2 (Photo: REITsWeek)

A new urban redevelopment masterplan recently released by the Singapore government is set to benefit a handful of office-focused REITs.

The blueprint, which is known as the Urban Redevelopment Authority of Singapore Draft Master Plan 2019, was released on 27 March 2019.

The plan incorporates about 20% higher plot ratios across several areas on the island, particularly within the central business district (CBD), and the Orchard Road shopping belt.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.