Singapore Home Sales Hit a Four-Year High: REITs Are Smart Trade?
In 2025, total new private home sales (excluding ECs) reached 10,821 units, up 67.3% year-on-year from 6,469 units in 2024 — the highest level since 2021.
At the same time, residential prices continued to edge higher. For the full year, prices rose by approximately 3.4% — not an aggressive surge, but clearly maintaining an upward trend.
New home transactions surged, but the more tradable opportunity could be in REITs.
For investors: the opportunity is trading REITs?
Strong home sales do not mean investors need to buy physical property.
For stock market participants, S-REITs offer a more liquid and flexible way to express a view on property fundamentals while trading interest-rate expectations and cash-flow re-rating.
The key takeaway from the housing rebound is not price momentum, but: demand resilience, more stable rental fundamentals, and manageable asset-side pressure.
Once the market starts pricing in an easing rate environment, REIT prices often respond faster than physical property values.
Beyond blue chips: mid-cap S-REITs that became more active in 2H 2025
Large REITs tend to attract long-only allocation flows. But in 2H 2025, trading activity picked up meaningfully among a group of mid-cap S-REITs, driven by events, operational data, and shifting expectations.
Their common trait: liquidity followed catalysts.
$Lendlease Reit(JYEU.SI)$— Asset recycling in focus
👉 Average daily turnover jumped from S$2.5m in 1H to S$6.7m in 2H
Sold part of its JEM office asset to reduce leverage and unlock capital; Subsequently acquired a 70% stake in PLQ Mall, funded by a private placement that was nearly 3× oversubscribed.
$AIMS APAC Reit(O5RU.SI)$ — Sponsor signal + industrial cash flow
👉 Trading liquidity more than doubled in the second half
Sponsor increased its stake to nearly 18.7%, strengthening alignment; Acquired an industrial asset with positive DPU accretion; Industrial REITs continue to be viewed as defensive cash-flow vehicles
$Sasseur Reit(CRPU.SI)$ — Consumption recovery validation
👉 Notable increase in trading activity during 2H 2025
Anniversary sales at four outlet malls delivered >30% YoY growth in single-day sales. The outlet model benefited from value-driven consumer behavior
$EliteUKREIT GBP(MXNU.SI)$ — Cash-flow certainty
DPU rose 9.4% YoY, supported by higher occupancy and rental income. Interest-coverage ratio improved, with no refinancing needs until 2027UK government-linked tenants provided defensive characteristics
$OUEREIT(TS0U.SI)$ — Fundamentals + re-rating
Delivered 24% total return in 2H, ranking near the top of the iEdge S-REIT Index. Revenue and NPI grew YoY in Q3, signaling operational stabilization. Analyst ratings were upgraded from Hold to Buy.
Which REIT theme are you watching next?
Will Singapore’s housing market remain strong?
After a solid performance last year, can S-REITs continue to push to new highs this year?
Data centres (AJBU / ME8U)
Logistics & industrial (M44U)
Office & integrated commercial (C38U / A17U / N2IU)
Retail recovery (J69U)
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The themes I’m watching are logistics & industrial and data centres. Industrial REITs provide more defensive cash flows, while data centres benefit from long-term digital and AI demand, with select opportunities also emerging in stabilizing office and integrated commercial names.
Overall, I expect Singapore’s housing market to stay stable, not overheated. That backdrop supports S-REITs, but upside will be selective, led by REITs with clear catalysts, improving balance sheets, and visible DPU recovery.
@TigerStars @Tiger_comments @Tiger_SG
For REITs, looking forward to all these I that have scooped up during the high interest season. Can’t wait for the recovery.
Data centres (AJBU / ME8U)
Logistics & industrial (M44U)
Office & integrated commercial (C38U / A17U / N2IU)
2. Yes data centres are forecast to outperform broader reits
3. $Keppel DC Reit(AJBU.SI)$
他們的共同特點：流動性跟隨催化劑。
對於股市參與者而言，S-REITs提供更具流動性和靈活性的方式在交易利率預期和現金流重新評級時表達對房地產基本面的看法。
房地產反彈的關鍵不是價格動力，而是：需求彈性、更穩定的租金基本面以及可控的資產端壓力。
一旦市場在寬鬆的利率環境下開始定價，房地產投資信託基金價格的反應通常快於實物財產價值.
Singapore housing market has always been strong, driven by the limited supply and ever increasing demand as the population grows, along with more singles and unmarried people wanting their own space, especially after covid.
As long as there is no recession or major global shocks, I believe that SREITs will continue to do well which will lift the stock prices. Further rate cuts are definitely going to be helpful as this will help reduce borrowing costs and hopefully result in greater profit and dividends for investors.
Can SReits push to new highs in 2026?
Analysts are cautiously optimistic as interest rate cuts maybe slower than previously expected.
SReits valuations remain undemanding but their upside depends heavily on the pace of Fed cuts & bond yields.
I believe that SReits can push higher in 2026 but the rally maybe selective & not broadbased.
My top pick is $Frasers Cpt Tr(J69U.SI)$ as it is the King of Singapore's suburban malls. Its properties such as Northpoint & Causeway Point have strong footfall & positive rental reversions. FCT also pays a nice juicy dividend of 5.5%.
Analysts are bullish on FCT with average target price of SGD2.68, an upside potential of 17%.
2025 was the warm up.2026 is the main event for SReits.
@Tiger_SG @Tiger_comments @TigerStars
S-REITs are positioned for a recovery and potential capital appreciation, driven by expected interest rate cuts and resilient property fundamentals. therefore, likely will do well [Thinking] [Thinking] [Thinking]
However, I'm curious how it went for commercial properties though, that would speak more about the investment aspect.