Singapore is about to get its first real estate investment trust backed by Japanese assets with Saizen Reit due to launch the roadshow for its initial public offering next Monday October 15. To make the offering even more unique, it will also be the first Singapore Reit that focuses on residential properties. The 17 Reits that have listed so far are primarily backed by commercial properties, such as offices, retail space, hotels or industrial buildings.
According to sources, there is expected to be good demand for the newcomer as investors see it as a way to play the economic upswing in Japan. Residential properties also have a more stable income stream and are typically...
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