( YTD: +10.43% | 5D: +3.56%)

25 Aug - The Proposed Divestment Of Ten Strata Lots Located At Yishun 10

• Frasers Centrepoint Asset Management Ltd., in its capacity as manager of Frasers Centrepoint Trust (“FCT” and as manager of FCT, the “Manager”), announced today that HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of FCT) (the “Trustee”) has entered into a sale and purchase agreement dated 25 August 2025 (the “SPA”) with Lion (Singapore) Pte. Limited. (the “Purchaser”) for the divestment (the “Divestment”) of ten strata lots located at 51 Yishun Central 1, Singapore 768794 (the “Properties”) to the Purchaser. The Purchaser is a direct wholly-owned subsidiary of Frasers Property Limited (the “Sponsor”).

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( YTD: +4.17% | 5D: +2.74%)

25 Aug - CapitaLand Commercial C-REIT receives approval from China Securities Regulatory Commission to register for its listing on the Shanghai Stock Exchange To raise RMB2.1 billion through the issuance of 400 million units

• CapitaLand Commercial C-REIT (CLCR) has received approval from the China Securities Regulatory Commission (CSRC) to register for its listing on the Shanghai Stock Exchange. This marks a significant milestone for CapitaLand Investment Limited (CLI) as CLCR will become China’s first international-sponsored retail C-REIT upon listing, which is expected to take place by 4Q 2025.
  
  
• As strategic investors, CLI, CLCT and CLD will collectively hold at least a 20% interest in CLCR. As the sponsor and asset manager of CLCR, CLI will continue to operate CapitaMall SKY+ and CapitaMall Yuhuating post-listing. Additionally, CLI will support the growth of CLCR and CLCT through its ability to offer a quality pipeline of potential assets.

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( YTD: +1.72% | 5D: +2.31%)

27 Aug - CapitaLand Ascott Trust Acquires Three Rental Housing Properties In Japan For JPY4 Billion To Strengthen Stable Income Stream

• CapitaLand Ascott Trust (CLAS) has acquired three freehold rental housing properties in Japan for a total of JPY4 billion (S$34.2 million1). Two of the rental housing properties, Splendide Namba West and Pregio Esaka South, are in Osaka, while the third, Pre de Cort Nishikyogoku, is in Kyoto.
  
  
• On a FY 2024 pro forma basis, the acquisition of the three rental housing properties has a Distribution per Stapled Security (DPS) accretion of 0.3%. In line with CLAS’ portfolio reconstitution strategy, the acquisition was funded by proceeds from CLAS’ divestment of Citadines Karasuma-Gojo Kyoto in October 2024 and JPY-denominated debt.
  
  
• The expected net operating income (NOI) entry yield of the acquisition is 4% in FY 2025. This is significantly higher than the NOI exit yield of 0.4%2 from the divestment of Citadines Karasuma-Gojo Kyoto. The three operating assets will contribute to CLAS’ distributable income immediately. On an annualised basis, the combined distributable income is expected to more than fully replace the income from the divested Citadines Karasuma-Gojo Kyoto.

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Singapore REITs Monthly Update (23 Aug 2025)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 660.49 to 674.37 (2.10%) compared to last month's update. The index has recovered steadily since the April low, and is now consolidating just below the 684 level (previous high attained on 30 July). The 200D SMA is mostly reversed, suggesting improved market sentiment. Resistance around 675–680 has been for the past one month; a breakout above this zone could pave the way toward 700. The 50D SMA (663) and the 200D SMA (645) provide immediate support. Stronger support remains at 620, tested multiple times in 2024–2025.

• Short-term direction: Sideways
• Medium-term direction: Up
• Long-term direction: Sideways
• Immediate Support: 50D SMA, 200D SMA
• Immediate Resistance: 684

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