Ascendas REIT's property in Changi Business Park, One@Changi City. (Photo: REITsWeek)

The unit price of Ascendas REIT was propelled to record highs during the trading week that began on 3 February.

And buy-ins from institutional investors may have played a large part in this increase.

The REIT was the top Singapore Exchange (SGX) counter acquired by institutional investors during the week.

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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.