SF REIT is unfazed by negative headlines surrounding China’s property sector, which has heightened recently in the wake of Evergrade's bankruptcy in the US.
This development also came amid revelations from China’s National Bureau of Statistics, which revealed on 15 August that there has been a steep drop in real estate investments across the country for the first seven months of 2023.
The total value of real estate developments for the January - July 2023 period came in at RMB6.77 trillion (USD943.5 billion), an 8.5% fall year-on-year.
This has led to concerns that property values for all sectors across China are set to decline in tandem.
SF REIT is a Hong Kong-listed REIT with a portfolio of four logistics assets, three of which are located on mainland China with the remaining one in Tsing Yi, Hong Kong.
Related: SF REIT addresses concerns over rent growth as trade slows
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