NTT DC REIT asset in Singapore, 51 Serangoon North Avenue 4. (Photo: REITsWeek)

NTT DC REIT has renewed its master services agreement for its Singapore data centre.

The REIT has secured a 23% increase in rent and locking in annual escalations over a three-year term, moves that will directly lift the REIT's income.

This renewed agreement, announced on 31 March 2026, raises the rent to SGD474 per kilowatt from SGD385 per kilowatt under the previous one-year lease.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.