Siloam Hospitals Surabaya

The manager of First REIT has appointed several consultants to aid in the decision on how to proceed with planned development works near Siloam Hospitals Surabaya.

This after a sinkhole disrupted development works on a plot of land next to the hospital.

As REITsWeek reported in early-January 2020, with verification from Surabaya's City Development Agency, local authorities are pointing to these development works as a probable cause of the sinkhole.

Related: Surabaya names First REIT target property in sinkhole investigations

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here.

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.