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.
Dear members, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?