Singapore Real Estate Investment Trusts (S-REITs) have outperformed the STI significantly as at end-October this year. And some investors are expecting the good run to continue, driven by capital inflows from stimulus measures in the US. But some analysts warn that the performance of S-REITs may have peaked. Market volatility and economic uncertainties are expected to continue to drive demand for REITS...
Singapore REITS
Asia's largest logistic facilities provider, Global Logistics Properties (GLP), will contribute 30 properties in Japan to set up a real estate investment corporation in Japan (J-REIT). The properties are worth US$2.6 billion (S$3.2 billion) and GLP expects to raise a net US$1.3 billion (S$1.6 billion) from the sale of the assets. In a statement on Thursday, GLP says the proceeds will be used primarily...
The Singapore real estate investment trust (REIT) market is up about 40 per cent this year -- double the returns in major REIT markets like the US and Japan. While returns and yield spreads on Singapore REITs may be the best in the world, some analysts said the market could become over-invested In 2002, CapitaMall Trust became the first Singapore-listed REIT. A decade on, there are over 20 REITs across...
Dynasty REIT's planned initial public offering (IPO) in Singapore has been suspended. ARA Asset Management, the sponsor of the real estate investment trust (REIT), said the S$1 billion (5.41 billion yuan) IPO would not proceed due to worsening market conditions. According to ARA, there has been a marked change in investor sentiment given the after market performance of several IPOs. Fund managers...
Soon-to-be listed Dynasty REIT says it expects to benefit from the granting this month of Singapore banking licences to two Chinese lenders. Dynasty is Singapore's first real estate investment trust to be denominated in the Chinese currency (CNY). It is set to go public next Tuesday in what may be the country's biggest IPO this year. Dynasty REIT aims to raise between S$981.3 million and S$1 billion...
Dynasty Real Estate Investment Trust (REIT) opens its yuan-denominated initial public offering today in Singapore's first flotation to be sold in the Chinese currency, seeking to raise up to 5.4 billion yuan or S$1 billion in what is set to be the largest new share sale here this year. Units in the trust, backed by Hong Kong billionaire Li Ka-shing and sponsored by ARA Asset Management, will be tradeable...
Far East Hospitality will be unveiling two new hotels in Singapore come 2013. This is part of its plans to double its property portfolio in the next five years. The hospitality operator currently manages eight hotels and nine serviced residences in Singapore. It also oversees the Sri Tiara residences in Kuala Lumpur, Malaysia. East Village Hotel in the Katong district and The Amoy Hotel at Far East...
Mapletree Logistics Trust (MLT) saw a 1.2 per cent on-year increase in its distribution per unit (DPU) in the second quarter of its financial year. Its DPU for the three months ended 30 September 2012 came in at 1.71 cents, up from the 1.69 cents announced in the same period a year ago. Amount distributable to unitholders during this period rose by 1.2 per cent on-year to S$41.4 million. Gross revenue...
A real estate investment trust backed by Hong Kong tycoon Li Ka-shing announced Wednesday it hopes to raise around US$800 million in a yuan-denominated initial public offering in Singapore. The offer by Dynasty REIT will be the first yuan-denominated flotation in the affluent city-state and the second outside mainland China. Dynasty REIT, which is sponsored by real estate fund manager ARA Asset...
The Republic's real-estate investment trusts (REITs) could be a better bet in the coming months for investors looking for exposure to the property sector but are nervous about the possibility of more cooling measures, according to some analysts. "In view of the impact of cooling measures, we believe investors will remain defensive with stock picks towards the year-end. That's why for the fourth quarter,...