Earlier in the year, Mapletree Commercial Trust was flagged as a beneficiary of the Great Southern Waterfront master plan.
Sasseur REIT’s unit price surged after investors became aware that it was going to be included in the FTSE EPRA NAREIT Emerging Market Index.
“Inclusion in FTSE EPRA NAREIT Emerging Market Index is definitely a new milestone for Sasseur REIT after surpassing the billion-dollar market capitalisation mark last month. It will lift Sasseur REIT’s profile and put us on radar of many global real estate equity funds,” says Wong Siew Lu, Head, Investor Relations and Corporate Affairs at Sasseur REIT’s manager. “We look forward to enjoy higher visibility and trading liquidity from institutional investors through our inclusion in this Index.”
