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Interest in S-Reits with China retail exposure set for shake-up

Investors of S-Reits benefiting from China consumer boom should watch how market opens up to trust structures

Singapore

RETAIL spending in China is rebounding, yet investors have been giving a mixed verdict on the three China pure play retail real estate investment trusts (Reits) listed here.

The competitive landscape is meanwhile evolving quickly for these S-Reit players, so investor interest may see some further shake-up.

Retail sales in China in the first three months rose some 34 per cent from a year ago. This is stronger growth from that in April and May. Then, retail sales were up 17.7 per cent and 12.4 per cent respectively year-on-year (y-o-y).

Sales at physical stores have also recovered to pre-pandemic levels in the last quarter of 2020 and non-online retail sales are slightly higher than pre-pandemic...

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