REIT Association of Singapore

What REIT Association of Singapore does

REIT Association of Singapore (REITAS) is a non-profit industry association established in December 2013 following recommendations from the S-REIT Working Group under the auspices of MAS and SGX. It serves as the official representative body of Singapore's REIT (S-REIT) sector, with members accounting for approximately 98% of the industry's market capitalization. As of 2026, the S-REIT market comprises 42 REITs and Property Trusts listed on the Singapore Exchange with a combined market capitalization of approximately S$100 billion (US$80 billion), making Singapore the largest REIT market in Asia ex-Japan. The association is headquartered at One Raffles Place Mall in Singapore's central business district and is led by CEO Nupur Joshi (appointed 2017) and President Chua Hsien Yang (appointed 1 January 2025).

REITAS operates three product lines: (1) professional development programs including the Online Rules & Ethics Course (18 modules with 6 SFA CPD hours), REIT Management Course (2.5 days, nine modules), Capital Management for REITs Course, Sustainability Training for Directors (covering ISSB standards), and Director Essentials; (2) industry events including the Annual Conference at Marina Bay Sands, EY-REITAS Tax Forum, REITs Strategy Challenge student competition co-organized with NUS IREUS and SGX, and DBS-REITAS Private Banking Luncheon; and (3) research publications including the quarterly REITs Chartbook co-produced with SGX Research and ESG/sustainability reports with PwC, Knight Frank, and Deloitte. The technology footprint is intentionally minimal — the association does not build software or operate data platforms, with all delivery via in-person events, online courses through registration systems, and downloadable PDFs.

The association's business model is subscription-based membership fees structured by category and assets under management. Annual fees range from S$500 (Academic) to S$15,000 (S-REIT Manager with AUM ≥S$1 billion), with tiers for Non-S-REIT Managers (Business Trusts at S$7,500; law firms/banks/advisors at S$5,000). Multi-year commitments earn 10-20% discounts (2-year, 3-year, 5-year). Membership categories span S-REIT Managers (primary), Non-S-REIT Managers (trustees, banks, law firms, accounting firms, tax advisors, property consultants), Business Trusts, and Academic Institutions. Distribution is direct via the member portal at reitas.sg, with LinkedIn and the public website serving as top-of-funnel channels.

Name

REIT Association of Singapore

Legal name

REIT Association of Singapore

Website

https://reitas.sg

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

REITAS is a non-profit industry association representing Singapore's S-REIT sector, covering 98% of the industry's S$100 billion market capitalization. It provides regulatory advocacy, professional development courses, industry events, and research publications for S-REIT managers and professional services firms.

Ownership category

akta.pro rank

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Services-Membership Organizations (8600), Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

Keywords

• REIT industry association
• S-REIT membership body
• Real estate advocacy
• Industry professional training
• Investment education

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: REITAS generates revenue through annual membership fees from S-REIT managers, non-S-REIT managers (trustees, investment banks, law firms, accounting firms, tax advisory firms, property consultancy firms), and academic institutions. Fees vary by category and tenure, with tiered pricing based on total assets under management for S-REIT managers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

REIT Association of Singapore (REITAS) is a non-profit industry association representing Singapore-listed REITs (S-REITs) and the broader REIT ecosystem. It provides membership services, professional development programs, research publications, networking events, and policy advocacy for S-REIT managers, professional service firms, and institutional investors operating in the Singapore real estate investment trust sector.

Product overview

REITAS is a non-profit industry association representing the Singapore REIT (S-REIT) sector. The organization provides a portfolio of member services including professional development programs (Online Rules & Ethics Course, REIT Management Course, Capital Management for REITs Course, Sustainability Training, Essentials for Directors), industry events (Annual Conference, Tax Forums, Strategy Challenge competitions), and research publications (quarterly Chartbooks, ESG/Sustainability reports). These offerings support market education, regulatory compliance, investor engagement, and professional development for the S-REIT industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Full S-REIT Member Subscription Annual membership subscription for S-REIT managers providing access to advocacy, networking events, research, and professional development, priced on a tiered scale based on the number of S-REITs managed.
• Corporate (Non-S-REIT) Member Subscription Annual membership subscription for non-S-REIT firms such as professional service providers, institutional investors, and other industry participants supporting the Singapore REIT sector.
• REITAS-NTU REITs Course Professional certification course developed in partnership with Nanyang Technological University (NTU) to equip REIT industry professionals with foundational and applied knowledge of REIT investment, structuring, and management.

Quantifiable outcome

• 42 S-REITs and Property Trusts listed on SGX with S$100 billion market cap represented by REITAS
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Ernst & Young (EY)coreGTM or Marketing Partner · 25 August 2026Annual EY-REITAS Tax Forum providing S-REIT landscape overview, key tax concepts, Singapore tax transparency regime, and practical developments relevant to REIT managers and investors.
• PwC SingaporecoreStrategic or Co-development Partner · 29 June 2026Joint publication on sustainability assurance for S-REITs titled 'Trust in transition: Advancing sustainability assurance for S-REITs'. The report addresses energy resilience, ESG credibility, and sustainability reporting developments relevant to the S-REIT industry.
• National University of Singapore (IREUS)coreStrategic or Co-development Partner · 13 June 2026Co-organization of REITs Strategy Challenge 2026, a student competition to nurture interest in REITs and real estate capital markets, fostering next-generation industry talent.
• SGX GroupcoreStrategic or Co-development Partner · 13 June 2026Co-organizer of REITs Strategy Challenge 2026 and regular collaboration on investor education initiatives and market development programs.
• Knight Frank and PwC SingaporecoreStrategic or Co-development Partner · 19 May 2026Three-way partnership for seminar on 'Energy Resilience and ESG Credibility: Navigating the Next Phase for S-REITs' addressing energy volatility and sustainability reporting expectations.
• DBS Private BankcoreGTM or Marketing Partner · 12 May 2026Annual DBS-REITAS Private Banking Luncheon bringing together REIT management teams and private banking clients for discussions on the evolving S-REIT landscape.
• Perpetual (Asia) LimitedminorGTM or Marketing Partner · 26 March 2026Co-organizer of Women in REITs networking event with Perpetual, promoting diversity and inclusion in the S-REIT industry.
• Far East Hospitality TrustminorGTM or Marketing Partner · 26 March 2026Venue and drinks sponsor for Women in REITs networking event, supporting industry networking and professional development initiatives.
• Knight FrankcoreStrategic or Co-development Partner · 9 October 2025Joint publication 'Singapore REITs' Climate Readiness: From Disclosure to Asset Implementation' and ESG press release addressing climate-related risk management and sustainability practices in the S-REIT sector.
• Singapore Exchange (SGX)coreStrategic or Co-development Partner · 10 March 2025Quarterly Chartbook publication partnership providing comprehensive S-REIT and Property Trusts data, market analysis, and performance metrics. REITAS collaborates with SGX Research for industry data and market intelligence.
• DeloittecoreStrategic or Co-development Partner · 21 November 2024Joint publication 'Positioned for new heights: S-REITs are ready to capture the next wave of opportunities' providing strategic insights on S-REIT market positioning and growth opportunities.
• Allen & Gledhill LLPcoreStrategic or Co-development PartnerLegal counsel and advisor providing S-REIT structure guidance. Allen & Gledhill heads the Firm's REITs Practice and Investment Funds Practice, with Jerry Koh serving as Secretary of REITAS.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Regional players

• British Property Federation: The British Property Federation is the UK membership organisation for the real estate industry, including institutional investors, developers, and advisers. It is comparable to REITAS as a real estate industry body but focuses on the broader UK real estate sector rather than a single listed-asset segment.
• Property Council of Australia: Property Council of Australia is the peak industry association for Australia's property sector, engaging policymakers, producing research, and running events. It is comparable as a regional real estate trade association, though broader than REITAS's S-REIT focus.

Direct peers

• Nareit (National Association of Real Estate Investment Trusts): Nareit is the US national trade association for REITs and publicly traded real estate companies. It is the largest and most established counterpart to REITAS globally, providing advocacy, education, research, and investor outreach. Functionally, REITAS mirrors Nareit's role at a national scale.
• APREA (Asia Pacific Real Estate Association): APREA is the Asia-Pacific trade association for REITs and listed real estate, headquartered in Singapore. It is the most direct comparator to REITAS, sharing a similar advocacy, research, and member-education mandate across a broader regional scope, and serving overlapping constituents including many of the same S-REIT managers.
• EPRA (European Public Real Estate Association): EPRA is the European trade body for listed real estate companies and REITs, focused on investor outreach, indices, and sustainability reporting standards. As a pan-regional REIT association, it parallels REITAS in mission and operating model and serves as a useful comparator for benchmarking association activities.
• Investment Management Association of Singapore (IMAS): IMAS is the Singapore trade body for the asset management industry. It is a close domestic peer to REITAS, sharing a similar operating structure (membership fees, regulatory engagement with MAS, training and events) and overlapping member base across Singapore's investment community.
• REIT Association of Australia (REIA): REIA is the national body representing A-REITs and stapled trusts in Australia, modelling itself closely after REITAS. It engages regulators on tax/regulatory issues, runs education programs, and publishes industry research—making it a peer jurisdiction analog in the Asia-Pacific REIT ecosystem.

Broad incumbents

• Securities Industry and Financial Markets Association (SIFMA): SIFMA is the broad US trade association for securities industry participants (broker-dealers, asset managers, banks). REITAS is comparable as a focused securities/capital-markets industry association representing a specific listed-asset segment, though SIFMA's scope is much broader.
• Investment Company Institute (ICI): ICI is the leading US trade association for regulated investment companies (mutual funds, ETFs, closed-end funds, UITs). It is comparable to REITAS as a national-level industry association performing regulatory advocacy, research publication, and member education for a pooled-investment vehicle category.

Others

• British Land Company: While REITAS itself is a non-profit association, the UK REIT sector has analogous bodies (e.g., British Property Federation) where British Land, as a major UK REIT-listed real estate company, illustrates the constituency REITAS serves and helps contextualise the industry stake.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/reit-association-of-singapore

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REIT Association of Singapore