To The Moon

Real estate investment trusts in Singapore (S-REITs) are set to deliver their best yearly performance since 2019, as prices rebound amid stable operating performance and a more supportive interest rate environment.As of Dec 5, 2025, the iEdge S-REIT index has risen 9.3% for the year-to-date, with dividend distributions taking total returns up to 14.7%. This marks the strongest yearly performance since 2019, when the index rose 19.6%, with total returns of 27.5%.Of the 33 constituents in the iEdge S-REIT index, 29 have delivered positive total returns for the 2025 YTD, with the top 10 performers delivering over 20 per cent total returns. Outperformers include diversified S-REITs such as $CapLand IntCom T(C38U.SI)$

$Straits Times Index(STI.SI)$ December Outlook: November Strength May Limit Gains🎅 Seasonal Patterns: The "December Effect" Reality CheckDecember is historically the 3rd strongest month for the STI, averaging +1.3% since 2000, driven by:Dividend capture trades: Investors pile into high-yield names like DBS (5.1% yield) and Singtel (5.8%) before ex-datesWindow dressing: Fund managers boost holdings in index heavyweights ( $DBS(D05.SI)$ , $OCBC Bank(O39.SI)$ , $UOB(U11.SI)$ ) to flatter year-end reportingSanta Rally timing: Typically kicks in after Dec 15, but be warned – Singapore's rally is 40% weaker than the <

Over the five trading sessions, the usual quota of 60 director interests and substantial shareholdings were filed. Across close to 30 primary-listed stocks, Directors or CEOs reported eight acquisitions and three disposals, while substantial shareholders recorded five acquisitions and no disposals.1. $EnGro(S44.SI)$ On Nov 21, Chairman and CEO Tan Cheng Gay acquired 11,870,000 shares in a married deal at S$0.725 apiece. This increased his total interest from 15.01% to 25.01%. Mr Tan is a founding member of the Group and has served as Executive Director since 1973, shaping the Group’s strategic vision. Substantial shareholder Chua Thian Poh also acquired 1.18 million shares at S$0.725 apiece, increasing his total interest from 38.68% to 39.67%.&n

Over the five trading sessions, 60 director interests and substantial shareholdings were filed. Across 25 primary-listed stocks, Directors or CEOs reported 10 acquisitions and no disposals, while substantial shareholders recorded five acquisitions and five disposals.1. $Wing Tai(W05.SI)$ Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares. From Nov 14 through to Nov 20, Mr Cheng increased his total interest in the leading real estate developer and lifestyle retailer from 62.19% the company, up to 62.24%. This is up from 61.64% at the end of 2024.  2. $Banyan Tree(B58.SI)$ On Nov 14,

In 3Q25, the Urban Redevelopment Authority (URA) reported a modest tightening in office vacancy rates, easing from 11.4% in 2Q25 to 11.2 per cent. According to CBRE Singapore, Grade A office rents increased 2.1% year-on-year, underpinned by constrained new supply in the CBD core over the coming years.This trend supported stronger performance among Singapore-listed office REITs, driven by healthy occupancy levels, positive rental reversions, and proactive asset management strategies.The S-REITs with significant Singapore office exposure are $CapLand IntCom T(C38U.SI)$ $Mapletree PanAsia Com Tr(N2IU.SI)$ $Keppel Reit(K71U.SI)$

Over the five trading sessions, 60 director interests and substantial shareholdings were filed. Across close to 50  primary-listed stocks, Directors or CEOs reported six acquisitions and seven disposals, while substantial shareholders recorded four acquisitions and four disposals.1. $Wing Tai(W05.SI)$ Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares. From Nov 7 through to Nov 13, Mr Cheng increased his deemed interest in the leading real estate developer and lifestyle retailer by 360,000 shares. He maintains a 62.19% total interest in the company, up from 61.64% at the end of 2024.  2.

Over the five trading sessions, 40 director interests and substantial shareholdings were filed. Across more than 20 primary-listed stocks, Directors or CEOs reported seven acquisitions and no disposals, while substantial shareholders recorded eight acquisitions and two disposals. 1. $Q&M Dental(QC7.SI)$ On Oct 31, Quan Min Holdings acquired 2.9 million shares of Q & M Dental Group (Singapore) at an average price of S$0.547 share. This increased the total interest of non-independent executive director and group CEO Ng Chin Siau to 56.77%, from 56.46% previously. Dr Ng has gradually increased his total interest from 53.09% in April. 2. $UOL(U14.SI)$   On Oct 31, Group Chief E

Industrial Real Estate Investment Trusts in Singapore (S-REITs) have delivered a stable operating performance in the third quarter ended September, as occupancy remained stable with positive portfolio rental reversions. The seven S-REITs that focus on the industrial sector are Alpha Integrated REIT (formerly known as Sabana Industrial REIT), Mapletree Logistics Trust, Mapletree Industrial Trust, ESR REIT, CapitaLand Ascendas REIT, AIMS APAC REIT and Daiwa House Logistics Trust.Six of the seven trusts have reported their latest quarterly updates, and most have seen improvements to distributions in the latest quarter. 1. $Alpha Integrated REIT(M1GU.SI)$ Alpha Integrated REIT, which reported its results on Oct 22, saw a 38.4% year-on-yea

Over the four trading sessions, more than 50 director interests and substantial shareholdings were filed. Across close to 25 primary-listed stocks, acquisitions and disposals by directors and substantial shareholders were below the usual pace ahead of the tranche of companies expected to report 3Q25 business updates in the coming weeks. 1. $Q&M Dental(QC7.SI)$ On Oct 22 Quan Min Holdings acquired 1,335,300 shares of Q & M Dental at an average price of S$0.49 a share. This increased the total interest of non-independent executive director and group CEO Ng Chin Siau to 55.26% from 55.40%.2. $Centurion(OU8.SI)$ On Oct 17 Centurion Corporation non-executive director and joint chairman Han Sen

The latest earnings season for Singapore-listed Real Estate Investment Trusts (S-REITs) has commenced, with seven trusts reporting their latest financial results or business updates over the past week.Of the seven REITs, the six that provided information on distributable income in their latest filings have all reported growth from the year-ago period. This comes on the back of mostly higher gross revenue and net property income (NPI), while the cost of borrowing has also decreased.At least 23 other trusts are scheduled to release their results between October 28 and November 14. Of the three pure-play Data Centre (DC) S-REITs, two reported their results last week.1. $DigiCore Reit USD(DCRU.SI)$ Digital Core REIT started the reporting seaso