REIT Index Singapore: iEdge S-REIT Index Explained
This page is for informational purposes only and does not constitute financial advice.
A REIT index in Singapore tracks the performance of listed Real Estate Investment Trusts on the SGX. The iEdge S-REIT Index is the primary benchmark, covering 35+ S-REITs weighted by market capitalisation and free float, serving as the reference for S-REIT ETFs.
What Is the iEdge S-REIT Index?
The iEdge S-REIT Index is managed by SGX and tracks all SGX-listed REITs meeting minimum liquidity and free-float requirements. As at Q1 2026, it covers approximately 36–38 REITs across retail, office, industrial, data centres, healthcare, and hospitality sectors. The index is market-cap weighted and is a total return index, capturing both capital gains and DPU distributions.
S-REIT ETFs Tracking Singapore Indices
| ETF | Approx. Expense Ratio |
|---|---|
| Lion-Phillip S-REIT ETF (CLR) | ~0.60% p.a. |
| NikkoAM-StraitsTrading Asia ex Japan REIT ETF (CFA) | ~0.60% p.a. |
| Phillip SGX APAC Dividend Leaders REIT ETF (BYJ) | ~0.55% p.a. |
Read our full Singapore REIT ETF Guide for current comparisons and CPF-CPFIS eligibility.
iEdge S-REIT Index Performance 2024–2026
The index faced headwinds from 2022–2023 as global rates rose. It staged a recovery in 2024 as the Fed began cutting. As at Q1 2026, many S-REITs still trade at discounts to NAV — both a risk and opportunity for long-term investors. Over 10 years, the total return index has delivered mid-to-high single-digit annual returns, driven primarily by consistent DPU distributions. Use our free S-REIT Total Return Calculator.
How to Get S-REIT Index Exposure
Two main routes: (1) Buy S-REIT ETFs (CLR, CFA) via SGX through any brokerage — instant diversification, CPF-OA investible. (2) Use robo-advisors like Syfe REIT+ which tracks the iEdge S-REIT Index directly. For picking individual REITs from the index, see: Best S-REITs Singapore 2026.
Frequently Asked Questions
What is the main REIT index in Singapore?
The iEdge S-REIT Index, managed by SGX, is the primary S-REIT benchmark. It covers all SGX-listed REITs meeting minimum size and liquidity requirements, weighted by market cap and free float.
Can I invest in the S-REIT index?
Yes — via S-REIT ETFs on SGX (Lion-Phillip CLR, NikkoAM CFA) or robo-advisors like Syfe REIT+ which tracks the iEdge S-REIT Index directly.
How has the iEdge S-REIT Index performed?
It faced pressure from 2022–2023 rate hikes but partially recovered in 2024. As at Q1 2026, many S-REITs trade at NAV discounts. Long-term total returns have historically been mid-to-high single digits annually.
Does the STI include REITs?
The STI includes a few large S-REITs but is not a dedicated REIT index. The iEdge S-REIT Index is the dedicated Singapore REIT benchmark.
Is S-REIT ETF investing suitable for CPF?
Some S-REIT ETFs are CPFIS-approved, allowing OA fund investment. Check the latest CPF Board approved list before investing.
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