Suntec REIT sees SGD13.7 million in net funds inflow on convention rules change


Suntec REIT saw SGD13.7 million in net funds inflow from institutional investors for the trading week that began on 7 September.

The funds inflow propelled the REIT’s unit price by more than 7% during the week, sending it to a high of SGD1.48 by 10 September.

Institutional investors began buying up Suntec REIT units in the wake of news that the Singapore government would soon allow conventions and exhibitions to resume.

Related: Suntec REIT cuts losses at convention centre with closure extension

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