“There is a bigger global marketplace that we need to scale up to. And particularly when we look at Singapore, there is a limit. In the last nine years, we have seen over 19 REITs that are listed on the SGX, [among which] there are no pure play Singapore REITs,” Tan says.
At the panel discussion titled Risks and Opportunities for S-REITs Going Overseas held on Sept 26, Ronald Tan, senior vice-president, equity global market, global sales & origination, Singapore Exchange (SGX), in the opening address said he was asked why the exchange continues to promote overseas assets for S-REITs.
Among those asked were: Are we getting desperate as a country or as an exchange? Are we trying to get more IPOs? and why can’t we just focus on Asia?
