Sasseur REIT – Asia’s First Outlet Mall REIT – Debuts on SGX
Sasseur REIT is the first Outlet Mall REIT listed in Asia. It has an initial portfolio of four retail outlet mall properties in the fast-growing cities of Chongqing, Kunming and Hefei in the People’s Republic of China. Including Sasseur REIT, there are now 10 Retail REITs as categorised by GICS, which make up 23% of the REITs and property trusts listed on SGX. The 10 retail trusts have a combined market capitalisation of S$22.8 billion and average a dividend yield of 6.7% (after including Sasseur REIT’s projected dividend yield of 7.5% for the 2018 forecast period).