Mapletree Logistics Trust asset in Japan. (Mapletree Logistics Trust)

Singapore will see a decade-high supply of industrial spaces in 2024, and this could hurt the prospects for certain REITs that are exposed to the country.

The republic experienced a slowdown in the delivery of industrial properties between 2020 and 2021 due to construction delays, DBS pointed out in a research note on 11 December.

However, as construction activities gradually resumed during 2022, there was a notable
increase in new property completions in these two years, continuing in 2024, the note added, citing figures from industrial regulator JTC Corporation.

Dear members, please login to continue reading this article.


Login or sign-up for a free 25-day trial here. Why subscribe?

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.