The first reason why REIT maangers love to list here is the city state has an established private bank- ing and wealth management centre, viewed as second only to Switzerland and they have access to a wide pool of wealthy investors — and not just high-net-worth individuals (HNWIs).
SINGAPORE (May 3): Singapore Exchange is the largest global REIT platform in Asia, with a market capitalisation of US$70 billion ($95.4 billion).
“We have the largest global REIT platform. You could start with a US portfolio and decide 10 years later to pick up European assets, and investors here would not have a problem with that,” says Ronald Tan, director of Equity Capital Market at the SGX, during Manulife US Real Estate Investment Trust’s Investor Day event.
