Sunday, October 14, 2012

Dynasty REIT IPO

Dynasty REIT is the first RMB denominated REIT to debut on SGX. The sponsor is ARA Asset Management Ltd and its estimated yield will be around 7%.  The IPO price range is from SGD0.86 to SGD0.94 with expected listing date on SGX on 30 Oct 2012.

Dynasty REIT holds commercial properties in Nanjing, Dalian and Shanghai.

Given that this year seems to be bumper year for IPO, I think it one should proceed with caution.  Singapore REITs are trading at a high price now and Mr Li Ka Shing is probably a good market timer when it comes to cashing out of the property market.  As the saying goes, buy low sell high.

I am not vested and will probably not be subscribing for the IPO.  I don't usually subscribe for IPOs anyway.

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