The Singapore Exchange (SGX) and REIT Association of Singapore (REITAS) jointly organised the inaugural REITs Race on 7 May 2016 to raise awareness on real estate investment trusts (REITs) among Singapore’s investing public.
The race was held in conjunction with the SGX’s flagship retail investor educational event, My First Stock Carnival. Attracting close to 200 participants, the race began at Ngee Ann City in the heart of Orchard Road and saw contestants “check in” at five stops in Singapore’s CBD, one of which was Keppel REIT’s Ocean Financial Centre. There, participants had to locate the iconic “Tall Tree in the Eye” art sculpture by Anish Kapoor and answer a question related to the building.
Participants of the race had to complete tasks and quizzes that enhanced their understanding of REITs and in the process, learn what to look out for when investing in an SGX-listed REIT, which made it a highly engaging and enriching experience.
There are currently 36 REITs and four property trusts listed on the SGX.