Units of Singapore-listed REITs with significant property holdings in China fell by as much as 3.6% at the close of the trading day on 8 July.

The fall comes against the backdrop of mounting concerns over China’s economy as the benchmark Shanghai Composite Index tumbled to its lowest in three months - sliding by 5.9% to end at 3507.19 at the close.

Further exacerbating market jitters are lingering concerns over Greece and the state of the economy in Europe.

Leading the group of China heavy REITs is Fortune REIT (SGX:F25U), a Hong Kong-focused office and retail REIT which closed 3.61% lower to end at HKD7.46. The REIT has a portfolio of 18 properties in the greater Hong Kong area.

Shedding 3.25% was CapitaLand-affiliated retail REIT, CapitaLand Retail China Trust (SGX:AU8U), which closed at SGD1.63.

Analysts have suggested more turbulence for Chinese-heavy securities ahead as Beijing’s measures to shore up the market in recent days have failed to stem the rout.