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CapitaLand Mall Trust
Annual Report 2015
Singapore REIT Sector
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Overview
In 2015, Straits Times Index, FTSE ST Real Estate
Investment Trust Index and FTSE ST Real Estate Index
declined by 14.3%, 10.7% and 7.2% respectively.
The average distribution yield of Singapore real
Source: Bloomberg.
estate investment trusts (S-REITs) was 5.9% as at
31 December 2015. This was about 329 basis points
(bps) above the Singapore Government 10-year bond
yield of 2.6% as at 31 December 2015.
Asian REITs’ Yield Spreads
(%)
Malaysia
Hong Kong
Japan
Singapore
5.1
1.7
6.0
5.9
4.2
2.6
REITs’ Weighted Average Distribution Yield
Government 10-Year Bond Yield
Country
Yield Spread
(bps)
Hong Kong
339
Singapore
329
Japan
294
Malaysia
187
3.2
0.3
Financials &
Additional
Information
