Chart of the Day: Singapore REITs' average occupancy rates dip to 95%

In particular, retail and office S-REITs saw the largest drops in occupancy rates.

This chart from SGX shows that the average occupancy rate of Singapore's real estate investment trust (REIT) sector, excluding hospitality REITS, dipped marginally to 95% as of 31 March 2021 from 96% as of 30 March 2021, with pandemic-hit segments such as retail and office S-REITs seeing the largest dip in occupancy rates of 2.1 and 1.9 percentages points (ppt), respectively over the year.

On the other hand, the rise of work-from-home and e-commerce provided tailwinds for the industrial and data centre segments. These two sub-sectors attained year-on-year growth in average occupancy rates of 1.4 and 3.1 ppt, respectively.

In addition, 12 of the 15 acquisition announcements made during the first five months of 2021 involved industrial, logistics, or data centre assets.

Amongst the nine SGX-listed industrial and data centre REITs, AIMS APAC REIT (AA REIT) (+6.0 ppt), Keppel DC REIT (+3.1 ppt), and Mapletree Industrial Trust (+2.2 ppt) saw the most improvement

AA REIT, with a portfolio occupancy rate of 95.4% as of 31 March 2021, holds a variety of assets including logistics & warehouse, business park, hi-tech space, light, and general industrial properties, SGX said.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.