The REIT, which will feature Southeast Asian assets of JD Property Inc, Swiss investment firm Partners Group Holding AG and Hillhouse-backed EZA Hill Property Management Pte Ltd, could raise about S$1 billion (US$775 million or RM3.14 billion) in an IPO, the people said, asking not to be identified because the process is private. The listing may take place as soon as this year, one of the people said. JD.com, Partners and EZA Hill didn’t respond to requests for comments. In the end, US$1.9 billion was raised last year, the highest since 2019. Reuters reported in August that JD Property, Partners and EZA Hill were potentially setting up a Singapore REIT and an IPO may happen this year.

Source: The Edge Markets March 31, 2026 14:29 UTC