Reit listings: Homeplus a minus for SGX

Jonathan Breen

February 19, 2019 09:30 am

SGX Singapore Stock Exchange_230px — (160727) -- SINGAPORE, July 27, 2016 (Xinhua) -- A staff member walks past an office in Singapore Exchange (SGX), July 27, 2016. SGX on Wednesday announced net profit of 349 million Singapore dollars (about 257 million U.S. dollars) for the full financial year 2016, unchanged from the previous year. (Xinhua/Then Chih Wey) ****Authorized by ytfs**** (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

South Korean supermarket chain Homeplus Stores is nearing a $1.5bn real estate investment trust listing. The deal deserves attention in its own right. But it also serves as a stark reminder that Singapore, once the quintessential Reit listing venue in Asia, has fallen from grace.

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Topics

Equity IPOs Equity South Korea Asia GC View Southeast Asia Northeast Asia Singapore Asean Asia Pacific Comment Emerging Markets

JB

Jonathan Breen

Equities editor GlobalCapital Asia