20 years on, S-Reits market must step up and remain a ‘gateway to the world’
THE real estate investment trust (Reit) market in Singapore started 20 years ago this week. And it has since experienced explosive growth to become the largest Reit and property trust market in Asia outside Japan.
One of the key reasons for this, market watchers said, has been the “global orientation” of Singapore-listed real estate investment trusts (S-Reits).
“The S-Reit market grew well initially with mainly domestic local assets. It then exploded, in terms of market capitalisation, after S-Reits were promoted as cross-border assets,” said Gabriel Yap, chairman of investment firm GCP Global.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
EU and Asean at 50: time for bold action