CapitaLand Mall Trust property, Bugis+. (Photo: REITsWeek)CapitaLand Mall Trust property, Bugis+. (Photo: REITsWeek)

CapitaLand’s flagship REIT in Singapore, CapitaLand Integrated Commercial Trust (CICT), was the top REIT acquired by institutional investors during the trading week that began on 18 April.

The net inflow of funds came in the same week that the Singapore government announced a near-return to pre-COVID days in terms of social measures.

Effective from 26 April, Singapore will lift all restrictions on safe-distancing and group numbers, with all workers allowed to return to the office.

Check-ins are also no longer required at retail malls, while pre-departure tests are no longer needed for vaccinated travellers coming into Singapore.

CICT is a mixed commercial REIT with a portfolio of both retail and office assets.

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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.