An Ascendas business park property that has been inducted into CapitaLand China Trust's portfolio.CapitaLand China Trust asset.

Retail-heavy REITs were among the top Singapore Exchange (SGX)-listed REITs acquired by institutional investors in 1Q 2023 overall in terms of net fund inflows.

The fund inflows came on the back of expectations that China’s re-opening would herald the resumption of both domestic and international tourism for Chinese travellers.

Among REITs that were acquired by institutional investors on this expectation is China-focused REIT CapitaLand China Trust (CLCT).

Related: Suntec REIT sees SGD67 million net outflow of institutional funds in March 2023

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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.