Singapore's REIT hub ambition pays off with most foreign IPOs

Singapore's REIT hub ambition pays off with most foreign IPOs

The Edge Singapore - Latest News·2020-02-23 19:14

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SINGAPORE (Feb 23): Singapore may be tiny by geographical size, but its sway in the property management industry is anything but small.

Since the city-state saw the first sale of a real estate investment trust in 2002, Singapore has transformed itself to a global listing center of such firms. It has pocketed 41 REIT IPOs, of which seven foreign-currency-denominated ones are the most globally, according to Bloomberg-compiled data. In comparison, Hong Kong -- the world’s top initial public offering venue last year -- has just 11.

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