OUE’s Bayfront Project in Singapore
Chinese investors are not just buying overseas property, they’re also piling into trust listings of real estate overseas.
OUE Ltd.LJ3.SG 0.00%, the Singapore-listed property firm that is set to start taking orders Monday for the initial public offering of its commercial assets in China and Singapore, has sold close to half of the nearly US$300 million deal to cornerstone investors—of which Chinese buyers make up a big part.
Cornerstone investors in Singapore get first dibs on an IPO, but unlike in Hong Kong, don’t have to commit to holding the stock for a specified period.
Leave a Reply