Initially, the REIT’s portfolio consists of four outlet malls in China, namely in Chongqing, Bishan,, Hefei and Kunming.
SINGAPORE (Sept 18): DBS is initiating coverage on Sasseur REIT with a “buy” recommendation and a target price of 91 cents.
Sasseur REIT is the first Singapore REIT (S-REIT) with exposure to the fast growing Chinese outlet mall industry, which is expected to grow at a CAGR of 24% between 2016-2021.
