Where do you think your Pokémon, Pokéballs and user data in Pokémon Go are stored? In your phone? No. It’s in data centers.
In my earlier article about investing overseas, I mentioned about whole industries that are non-existent in Singapore’s markets. The recent IPO of Keppel DC REIT changed that a little – it added a new sector to the REIT industry in Singapore: data centers.
We’re all used to the usual few types of REITs in Singapore: retail, industrial, logistics, office, healthcare, and hospitality. It’s a large market for Singapore; in fact, Singapore’s REIT market is the third largest in Asia behind Japan and Australia and ahead of Hong Kong. It’s a pretty impressive feat considering Singapore is geographically one of the world’s smallest countries.
If data center REITs are new to our market, you must already wonder, what other types of REITs are out there that still aren’t ......