The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Real Estate: More Reits on Asia's streets

Banks offering real estate investment trusts

Real estate investment trusts (Reits) are gaining mass acceptance in Asia. After strong institutional and retail demand among Asian offerings, mainly from Singapore and Hong Kong, other Asian countries are learning the benefits of these property investment vehicles.

Most recent are Thailand and Malaysia. In August DBS and Thai Military Bank launched the Bt7.3 billion ($178 million) CPN Retail Growth Property Fund. Managed by local mall developer Central Pattana, the Reit operates two Bangkok malls and is Thailand's largest to date. It is also the first to be offered to international investors, which snapped up the units and generated demand nearly five times the size of the offering.


In Malaysia, local bank Aseambankers Malaysia brought Axis-Reit to the local stock market to raise M$123 million (US$32 million) of new capital. Despite the lack of tax incentives for investors, the retail offering was 3.7 times subscribed and the institutional offering 18.4 times subscribed. Reits for Malaysian property developers Guoco Land and Landmarks Berhad are said to be following soon.

Also rumoured to be back on track is the Hong Kong government's Link Reit. Causing huge embarrassment to the government after the entire US$2.7

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree