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Malaysia's IOI Properties Plans Singapore REIT Listing by 2027

June 16, 2025

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The Straits Times

Move part of plan to monetise its assets and cut debt, says KL investment bank

- Kang Wan Chern

Malaysia's IOI Properties Group is planning to list a real estate investment trust (REIT) in Singapore by 2027, as part of a plan to monetise its assets and cut debt, according to a Malaysia investment bank.

The REIT will include Singapore properties such as the South Beach mixed development and IOI Central Boulevard, which have an estimated combined valuation of $7 billion to $8 billion, wrote Hong Leong Investment Bank analyst Tan Kai Shuen in a June 11 report.

Citing intel from a meeting with IOI Properties chief executive Lee Yeow Seng, Mr Tan noted that the Singapore REIT listing is part of a two-pronged monetisation strategy that also includes a Malaysia REIT listing targeted for mid-2026, with assets valued at RM7 billion (S$2.11 billion) to RM8 billion.

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