Barely two years after losing Saizen REIT and Croesus Retail Trust, the Singapore Exchange (SGX) is about to witness another REIT delisting.
The announcement has reignited questions over the sustainability of small-cap REITs on the bourse, especially in the wake of relatively tepid responses to the republic’s two most recent US-focused REIT listings.
Japan focused Saizen REIT, and Croesus Retail Trust delisted from the SGX in October 2017, citing low trading volumes among reasons for the exit.
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