Tag Archives: Singapore REITS

Experts say room for 2-5 more REITs in S’pore in next 2 years

Posted on 12 Sep 2009 | Comments Off on Experts say room for 2-5 more REITs in S’pore in next 2 years

Experts have said there is room for another two to five real estate investment trusts (REITs) in Singapore in the next two years.

These are likely to be large cap domestic REITs similar to listed ones like CapitaMall Trust and A-Reit.

While not giving any specifics, experts attending the annual CapitaLand International Forum also said there may also be more obstacles in creating these REITs.

Anthony Ryan, managing director, head of real estate, Investment Banking Asia, J.P.Morgan, said: “It would need to start very big…it would need to start with a manager with a good track record and experience. That is a lot harder than when the market first started.”

Observers also note that while the sector may grow, there may also be consolidation among existing REITs in Singapore.

They also said that REITs may not be a defensive financial instrument as they used to be, but they could become value-added players now that prices have been significantly depressed.

On the regional front, industry watchers said REITs are expected to put out more products in the next few years.

This will give developers a way to tap the capital markets.

Source : Channel NewsAsia- 11 Sep 2009

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Mapletree Investments looking to launch S$4b REIT in Singapore

Posted on 12 Sep 2009 | Comments Off on Mapletree Investments looking to launch S$4b REIT in Singapore

Mapletree Investments is looking to list a real estate investment trust in Singapore, with as much as S$4 billion in assets.

Its CEO Hiew Yoon Khong told Reuters in an interview that Mapletree will launch the initial public offering (IPO) when market conditions are more favourable, such as when yield rates fall to 5 per cent from the current 8 per cent.

The proposed Mapletree Commercial Trust will cover the VivoCity mall, the PSA Building, the St James Power Station nightspot, and other properties along the western coast of Singapore.

Mapletree said it had actually prepared for the IPO 16 to 18 months ago before the market turned for the worse.

Mapletree is also exploring opportunities outside Singapore.

It is looking to set up funds in Vietnam, India and China, with a focus on office, retail and residential properties, while industrial properties could be covered under a pan-Asian fund.

The report also said that Mapletree hopes to grow its property assets to at least S$20 billion.

The company manages about S$12 billion in property assets in across Asia, including China, Vietnam and Malaysia.

Source : Channel NewsAsia- 11 Sep 2009

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