Deliberations are preliminary and the company may decide to not proceed with a listing, the people said.
A representative for Link Asset Management, the manager of Link REIT, declined to comment.
A listing would come at a time when Link seeks to diversify from property management. The company announced in recent months that it would expand its business into fund management by working with capital partners. It has tapped John Saunders, former head of Asia Pacific real estate at BlackRock Inc. to lead the fund operation called Link Real Estate Partners.
Link REIT has risen 27% this year in Hong Kong, giving the firm a market value of around $13.7 billion.
See also: Chery is said to near Hong Kong listing as billion-dollar IPOs return to city
Singapore’s market has been struggling to reverse a trend of delistings. Since the start of 2024, just five companies have gone public in the city, raising only $39 million combined, data compiled by Bloomberg show.
There are some green shoots. Japan’s Nippon Telegraph & Telephone Corp. is working on a REIT IPO in Singapore that could take place this year, while US data security firm AvePoint Inc. filed for a second listing in the city-state in January, Bloomberg News has reported.
