ESR-REIT's UE BizHub EAST. (Photo: REITsWeek)

Amid the COVID-19 outbreak, the industrial REIT segment remains relatively robust based on average sector price-to-book ratios captured in the Singapore REITs table.

However, a firm connected to Chinese billionaire Tong Jinquan has recently sold-off millions of units in a Singapore-listed industrial REIT.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.