SG Property Intelligence: Takeaways from webinar with Colliers’ Head of Research; ASEAN Data Centers - SG optimizes efficiency; Malaysia adds MWs

Research evidence excerpt

SG Property Intelligence: Takeaways from webinar with Colliers’ Head of Research; ASEAN Data Centers - SG optimizes efficiency; Malaysia adds MWs

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

08 July 2026

SG Property Intelligence

Takeaways from webinar with Colliers’ Head of

Research; ASEAN Data Centers - SG optimizes

efficiency; Malaysia adds MWs

Singapore/ASEAN Property and

REITs

Singapore Property & REITs - Takeaways from webinar with Colliers’ Head AC Terence M Khi

of Research. We recently hosted Ms Catherine He, Colliers’ Head of Research, on

(65) 6882-1518

the Singapore property outlook. Colliers’ view is that Singapore property markets terence.ml.khi@jpmorgan.com

remain fundamentally healthy, though growth is increasingly selective and AC Mervin Song, CFA

bifurcated across sectors. The strongest themes are flight-to-quality in offices, (65) 6882-7829

resilience in suburban retail, selective opportunities in industrial assets, and mervin.song@jpmorgan.com

moderation in residential demand. Across all sectors, supply remains constrained J.P. Morgan Securities Singapore Private Limited/

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

in the highest-quality segments, with prime CBD offices, premium suburban Morgan Broking (Hong Kong) Limited

malls, modern logistics assets, and differentiated residential projects continuing to

attract demand despite macro uncertainty. AI has emerged as an increasingly

important demand driver, particularly for offices, business parks, and data centres.

With the overall positive outlook for Singapore’s commercial market, we reiterate

our preference for Singapore-focused REITs with our top pick being CICT.

Furthermore, we see value in “fallen angel” MPACT, powered by VivoCity and

savings from lower SGD cost of debt.