Pandora's S-REIT

CapitaLand''s failed S-REIT is a setback for the Lion City, and says a lot about the problems of Singapore INC

Steven Irvine

November 12, 2001

UBS Warburg has spent the last three years lobbying the government and trying to launch a real estate investment trust (REIT) market in Singapore. Yesterday's decision to pull the IPO for the Lion State's maiden S-REIT has thus left people at the firm uncharacteristically embarrassed and "shellshocked".

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Equity
Southeast Asia

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