Please use this identifier to cite or link to this item: https://doi.org/10.1108/14635780810871623
DC FieldValue
dc.titleSecuritising China real estate: A tale of two China-centric REITs
dc.contributor.authorQuek, M.C.H.
dc.contributor.authorOng, S.E.
dc.date.accessioned2013-10-14T05:11:28Z
dc.date.available2013-10-14T05:11:28Z
dc.date.issued2008
dc.identifier.citationQuek, M.C.H., Ong, S.E. (2008). Securitising China real estate: A tale of two China-centric REITs. Journal of Property Investment and Finance 26 (3) : 247-274. ScholarBank@NUS Repository. https://doi.org/10.1108/14635780810871623
dc.identifier.issn1463578X
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/46239
dc.description.abstractPurpose - There is currently no real estate investment trust (REIT) listed in China. As of date, only two REITs - GZI REIT of Hong Kong and CapitaRetail China Trust (CRCT) of Singapore - have securitised Chinese property assets. The purpose of this paper is to examine the driving forces and the obstacles surrounding China REITs, and evaluate REIT securitisation as an exit strategy for Chinese properties. Design/methodology/approach - The paper analyses the performance of the two cross-border REITs and investigates whether REITs holding Chinese assets outperform other listed REITs. Research limitations/implications - CRCT outperforms GZI REIT as well as some of the other Singapore REITs, while GZI REIT ranked second lowest in terms of price performance when compared to other Hong Kong REITs. The limited history of CRCT suggests that when a well-structured REIT holding Chinese assets can perform very well. We also infer that performance is closely linked to portfolio composition and diversification, growth story and originator reputation. Originality/value - The study shows that there is indeed a strong local demand for China REITs, and that REITs can provide an alternative source of real estate financing for Chinese developers and promote a better regulated Chinese real estate market.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1108/14635780810871623
dc.sourceScopus
dc.subjectChina
dc.subjectInvestments
dc.subjectReal estate
dc.subjectSecurities
dc.subjectTrusts
dc.typeArticle
dc.contributor.departmentREAL ESTATE
dc.description.doi10.1108/14635780810871623
dc.description.sourcetitleJournal of Property Investment and Finance
dc.description.volume26
dc.description.issue3
dc.description.page247-274
dc.identifier.isiut000212829100006
Appears in Collections:Staff Publications

Show simple item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

15
checked on Sep 17, 2020

WEB OF SCIENCETM
Citations

11
checked on Sep 17, 2020

Page view(s)

185
checked on Sep 22, 2020

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.