Analysts expect Sabana REIT to be well received by investors -- in Singapore and regionally -- seeking higher yields than what the currently low deposit rates are delivering. Set to be Singapore's first listed Shariah-compliant REIT, Sabana is seeking to raise as much as $696.1 million. "This listing comes at a time when market is on a rebound and there is a lot of liquidity in the system, both of which are supportive of its price," said Financial Alliance director Sani Hamid. He notes there are only three other Shariah-compliant REITs in the region, all of which are listed in Malaysia.

Full Story:
Today (Singapore)

Related Summaries