Don't let S-chip baggage cloud judgement of Chinese Reits
Instead of shutting them off, investors should take time to understand the trusts, their sponsors and their sectors
SINGAPORE'S successful real estate investment trust market has caught the eye of asset-rich Chinese companies looking to spin off their assets into Reits. Among them is China's largest state-owned developer Greenland Group, which is said to be planning a Reit listing of six hotel assets worth S$1.5 billion.
If this materialises, Greenland's Reit listing will not only mark the start of its multi-billion dollar property fund platform, but also provide a textbook case for other Chinese developers with similar ambition.
But with more potential Reit listings with China-based assets underway, are investors here welcoming of this wave?
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