Yoojung Lee from Bloomberg writes about the healthy Singapore REIT market and their fresh recent surge in acquisition, spurred by lower borrowing cost and increased leveraging limits:

For trusts in Singapore, which houses the most REITs in Asia excluding Japan, transactions are slowly picking up, boosted in part by lower financing costs. Most of the S$3 billion ($2.2 billion) in deals announced since January happened in the third quarter, DBS Group Holdings Ltd. said in a note on Sept. 29 titled “S-REITs: Insatiable growth appetite.” It added that the market should keep improving through the rest of the year and start of 2021, and analyst Derek Tan expects more acquisitions as the coronavirus crisis dissipates over time.