Mapletree Commercial Trust property, VivoCity. (Photo: Mapletree Commercial Trust)Mapletree Pan Asia Commercial Trust property, VivoCity. (Photo: Mapletree Commercial Trust)

Mapletree Pan Asia Commercial Trust (MPACT) was the top Singapore Exchange (SGX)-listed REIT disposed of by institutional investors last week.

The net fund outflow came amid news that China may be facing its worst COVID-19 wave yet, and how the Fed will likely be keeping interest rates higher for longer.

MPACT is a mixed commercial REIT with a portfolio of mostly office and retail assets across China, Singapore, Japan and South Korea.

Related: Keppel DC REIT emerges as top REIT sought after by institutional investors

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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.