Top 3 Singapore REITS To Watch Out For In 2024

Here are my top 3 selections for Singapore REITS to watch and possibly invest in for 2024.

1. Fraser Centrepoint Trust

The first choice for 2024 in the list is Frasers Centrepoint Trust – which mainly owns sub-urban malls here in Singapore. Popular properties in their portfolio include Causeway Point, Northpoint, Waterway Point and Nex.

The reason why Frasers Centrepoint Trust cut my top pick is that fundamentally, the REIT is well managed with a very clear strategy and well-proven record in terms of their property portfolio management.

With the exception of 2020, the distribution per unit has also been very stable over the years and in terms of valuation, I believe that FCT is trading around fair valuation which makes it a viable REIT to consider adding into your portfolio.