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Sasseur Reit could be worth a closer look amid China’s reopening

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Leslie Yee

Leslie Yee

Published Thu, Mar 2, 2023 · 05:50 AM
    • An outlet mall in Chongqing which is part of Sasseur Reit’s portfolio. Sasseur Reit owns four outlet malls in China.
    • An outlet mall in Chongqing which is part of Sasseur Reit’s portfolio. Sasseur Reit owns four outlet malls in China. PHOTO: SASSEUR REIT

    INVESTORS who bought into the initial public offerings (IPOs) of the four China-focused property trusts backed by Chinese sponsors that listed here between 2015 and 2018 would be licking their wounds. 

    Based on unit prices as at Mar 1, BHG Retail Reit , Dasin Retail Trust and EC World Reit traded between 39 per cent and 75 per cent below their IPO prices. 

    Among the quartet, Sasseur Real Estate Investment Trust traded closest to its IPO price - at S$0.77 per unit, or 4 per cent versus its IPO price of S$0.80. 

    ReitsS-ReitsSasseur ReitHock Lock SiewChina economy

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