“In the past, there was a lot of institutional and retail money [in China] going into real estate, but these days, everyone is a bit more careful. While the A-share market has rallied in the past few months, generally speaking, there’s still a lot of capital in China — this socalled abundant liquidity — looking for professionally managed platforms like a C-REIT,” says Puah to Singaporean media in Shanghai.
With a retail asset each in Guangzhou and Changsha, CLCR is China’s first international-sponsored retail C-REIT. Why are Chinese malls such a big draw for shoppers and investors?
Four years after China’s first batch of nine public REITs were listed in June 2021, the C-REIT market is performing “very well”, says CapitaLand Investment’s (CLI) China CEO Puah Tze Shyang. Great growth, great potential, abundant liquidity and supportive policies — these four drivers have propelled China’s C-REIT market to a list of 75 trusts for domestic investors.
