Singapore’s only residential REIT, Saizen REIT, said that it has recently received “exploratory enquiries on potential opportunities” ahead of a self-declared deadline for liquidation in June 2016 and will be taking its time to consider these enquiries.

“The manager is of the view that more time can be allowed to observe if any enquiry develops further”, said the REIT in a statement on 6 June. The REIT has however not elaborated further on the enquiries.

“Unitholders should note that no definitive agreement has been entered into and there is no assurance that any definitive agreement or transaction will materialise”, said the REIT.

It also added that investors are advised to exercise caution when dealing in units of Saizen REIT as a transaction may or may not materialise from these enquiries.

“In the event that a transaction does not materialise from the above by the end of June 2016, the manager intends to commence liquidation proceedings for Saizen REIT”, the statement added.

Units of Saizen REIT fell by approximately 2.2% at the end of the trading day from its previous close on the Singapore Exchange to finish at SGD0.091.