Mapletree Industrial Trust's property at Changi Business Park, the Signature. (Photo: REITsWeek)

Singapore-listed industrial REITs may have been the favourite pick among investors during the COVID-19 outbreak, but the elation may be over judging from recent net outflows of institutional funds.

According to figures released by Singapore’s Economic Development Board, Singapore’s manufacturing output decreased 8.9% in February 2023 on a year-on- year basis.

Related: CapitaLand Ascendas REIT sees SGD18 million outflow of institutional funds

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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.