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Fortune Reit - HK suburban malls

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Fast progress: Fortune Reit began in 2003 with five Hong Kong suburban malls, including The Metropolis (above). Today, it has a total of 17 properties valued at HK$29.3 billion. - FILE PHOTO

THE first foreign Reit listed in Singapore was Fortune Reit, sponsored by Hong Kong billionaire Li Ka-shing's Cheung Kong Holdings, a large property developer. It was Singapore's third Reit and began in 2003 with five Hong Kong suburban malls located mostly in the New Territories, and then worth