The company, one of Malaysia’s largest property developers, is in talks with advisers and looking to list a Malaysia REIT on Bursa Malaysia in 2026 and a Singapore REIT on SGX in 2027, the sources added.
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The Malaysian REIT is expected to include domestic assets valued at around 7 billion to 8 billion ringgit ($1.7-1.9 billion), while the Singaporean REIT is expected to comprise assets worth S$7 billion to S$8 billion ($5.4-$6.1 billion), they said.
The Singapore REIT may include marquee properties such as South Beach Tower, South Beach Avenue, and IOI Central Boulevard Towers, according to one of the sources.
The company has yet to decide the amount to be raised or the final asset mix, said the sources, who declined to be named as the matter is private.
IOI Properties Group said in an emailed response to Reuters that it is
IOI Properties eyes REIT listings in Malaysia, Singapore with assets worth up to $8 billion, sources say
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