Quasi-Reits in China spread beyond equity markets
Central bank okays sale of a 553.5m yuan offer in the US$7 trillion interbank bond market
Hong Kong
CHINA'S central bank has authorised the first sale of a "quasi" real estate investment trust (Reit) in the vast interbank bond market, in a move that greatly expands the investor base for the new asset class amid rising commercial property values.
State-owned Anhui Xinhua Media last week launched Industrial Wanxin Jiayue Real Estate Investment Trust Fund ABS, a 553.5 million yuan (S$114.2 million) quasi-Reit structured like a securitisation, which may well be a precursor to the eventual launch of a listed Reit market in China.
After a series of private placements and one stock exchange listing, analysts have welcomed the introduction …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore Q1 industrial rents rise further 1.7%, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction