REIT Index Singapore: iEdge S-REIT Index Explained
For informational purposes only — not financial advice.
A REIT index in Singapore tracks listed Real Estate Investment Trusts on SGX. The iEdge S-REIT Index is the primary benchmark, covering 35+ S-REITs weighted by market capitalisation and free float. It serves as the reference for S-REIT ETFs like Lion-Phillip CLR and Syfe REIT+.
What Is the iEdge S-REIT Index?
Managed by SGX, the iEdge S-REIT Index covers all SGX-listed REITs meeting minimum liquidity and free-float requirements — approximately 36–38 REITs as at Q1 2026, spanning retail, office, industrial, data centres, healthcare, and hospitality. It is market-cap weighted with free-float adjustment and is a total return index (capturing both capital gains and DPU distributions).
S-REIT ETFs That Track Singapore Indices
| ETF (Code) | Approx. TER | CPFIS? |
|---|---|---|
| Lion-Phillip S-REIT ETF (CLR) | ~0.60% p.a. | Check CPF board list |
| NikkoAM-StraitsTrading Asia ex Japan REIT ETF (CFA) | ~0.60% p.a. | Check CPF board list |
| Phillip SGX APAC Dividend Leaders REIT ETF (BYJ) | ~0.55% p.a. | Check CPF board list |
Read our full Singapore REIT ETF Guide for current comparisons. Syfe REIT+ also tracks the iEdge S-REIT Index directly for robo-advisor investors.
iEdge S-REIT Index Performance 2024–2026
The index faced sharp headwinds from 2022–2023 global rate hikes, which compressed REIT valuations and made T-bills/fixed deposits more competitive. A partial recovery in 2024 as the Fed began cutting. As at Q1 2026, many S-REITs still trade at NAV discounts — both risk and opportunity for long-term investors. Over 10 years, total return index delivered mid-to-high single-digit annual returns, driven primarily by DPU distributions. Use our S-REIT Yield vs Bond Spread Calculator.
How to Get S-REIT Index Exposure in Singapore
Two main routes: (1) S-REIT ETFs on SGX — Buy CLR or CFA via any brokerage for instant diversification across 20–40 S-REITs. Potentially CPF-OA investible. (2) Robo-advisors — Syfe REIT+ tracks the iEdge S-REIT Index directly with fractional investing. For individual REIT selection, 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, covering 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 Straits Times Index (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 for OA investment. Check the latest CPF Board approved investment list before investing.