“They’re just in the trial years like Singapore 25 years ago, but once this asset class grows, it can be as big as the US,” said the Singaporean billionaire who co-founded real estate fund manager ARA Asset Management in 2002.
At the start of 4Q2025, Asia Pacific Real Assets Association (Aprea) chairman John Lim called Chinese hospitality assets “the best asset class” in real estate apart from data centres.
Speaking to the media on the sidelines of the Asia Pacific Real Assets Leaders’ Congress on Oct 9, Lim said the Chinese REIT (C-REIT) market will “pick up very soon” and one day rival the US REIT market with a combined market capitalisation beyond US$1 trillion ($1.3 trillion).
