First Japan Reit in Singapore offers high yield

Saizen Reit, which is backed by Japanese residential properties, is aiming to raise up to $144 million from its IPO.

Singapore is about to get its first real estate investment trust backed by Japanese assets with Saizen Reit due to launch the roadshow for its initial public offering next Monday October 15. To make the offering even more unique, it will also be the first Singapore Reit that focuses on residential properties. The 17 Reits that have listed so far are primarily backed by commercial properties, such as offices, retail space, hotels or industrial buildings.

According to sources, there...

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