With prime assets located in and around Singapore’s city centre, more patient and private capital, alongside developers, are drawn to opportunities in the listed space, with a view to repurpose these assets for alternative uses.
Recent privatisations in the listed tourism-related space underscores the intrinsic value embedded within listed property and hospitality S-REITs, especially for those with prime assets located along Orchard Road. The recent privatisations include Amara Holdings (SGX:A34
) and Paragon REIT.
Today, hospitality S-REITs and selected developers are trading at 20%-50% discounts to their book values, emphasising the disconnect between public and private market valuations.
