Strong demand for Frasers Hospitality IPO

Singaporean Reit sector displays improved momentum as Frasers Hospitality Trust attracts strong demand.
The Westin hotel, Kuala Lumpur, owned by Frasers
The Westin hotel, Kuala Lumpur, owned by Frasers

Frasers Hospitality Trust cleared the first leg of its S$367.9 million (US$296 million) initial public offering on Monday, paving the way for the listing of Singapore's first real estate investment trust in almost six months and boding well for other property-backed deals in the pipeline.

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