Background
The first Real Estate Investment Trust in Singapore was CapitaLand Mall Trust (CLPAY) which was listed on the Singapore Stock Exchange in 2002 with a market capitalization of just S$708 million.
Eighteen years later today, there are 43 REITs in Singapore with a total market capitalization of about S$91 billion. According to Bloomberg, it has now more foreign REITs than anywhere else in the world.
Many of them are managed by great real estate companies. The biggest of them all is Capitaland (OTCPK: CLLDY) which I wrote an article about on the