S-Reit IPOs running scared in rising interest rate environment
THE year 2022 marks the first year in 12 that there will be no new real estate investment trust (Reit) listings on the Singapore Exchange (SGX).
The Singapore-listed real estate investment trust (S-Reit) market has seen an average of about two new initial public offerings (IPOs) since the first listing in 2002.
Even as Singapore this year celebrated the 20th anniversary of its Reit market – the biggest in Asia outside of Japan – the absence of an IPO should come as no surprise.
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