Suntec REIT's Suntec CitySuntec REIT's Suntec City

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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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.