SG Property Intelligence CLI expects additional large institutional mandates

Research evidence excerpt

SG Property Intelligence CLI expects additional large institutional mandates

J P M O R G A N Asia Pacific Equity Research

15 May 2026

SG Property Intelligence

CLI expects additional large institutional mandates

Singapore/ASEAN Property and

REITs

CLI expects additional large institutional mandates after winning a S$2.4 bn real AC Terence M Khi

estate portfolio mandate from Income Insurance, with CEO (SEA) Patricia Goh

(65) 6882-1518

indicating such commitments typically follow years of engagement and CLI aims to terence.ml.khi@jpmorgan.com

convert more long-courted investors. CLI attributed the win to its Singapore presence, AC Mervin Song, CFA

tenant relationships, and track record across acquisition, asset management and (65) 6882-7829

divestment. Under the mandate, CLI will manage Income’s portfolio, pursue value mervin.song@jpmorgan.com

refresh via acquisitions and disposals, and earn recurring portfolio management plus J.P. Morgan Securities Singapore Private Limited/

J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

transaction-related fees. Goh also flagged a potential capital rotation from the US and Morgan Broking (Hong Kong) Limited

Europe into Asia-Pacific, with Singapore viewed as resilient despite high rates and

geopolitical stress. (Source: Reuters, The Business Times)

Sector

Flight to quality for industrial assets in 1Q26, according to Savills, with occupiers

and investors increasingly preferring modern, high-spec industrial assets with longer

land tenures amid global uncertainty and a cautious operating backdrop. Strata

industrial sales fell 17.5% QoQ to 335 deals, the lowest quarterly volume since 2020,

reflecting selective buying focused on assets with stronger fundamentals and value

preservation.