DoubleDragon Corp., chaired by Edgar "Injap" Sia II and Tony Tan Caktiong, intends to join Singapore's real estate investment trust (REIT) landscape with the listing of a SGD 300-million company, according to Philstar Biz.
The proposed listing would mark DoubleDragon's entry into Singapore's REIT market, offering the Philippine developer a new channel to raise funds from international investors. Singapore is a prominent hub for REIT listings in Asia, with a well-established regulatory environment.
DoubleDragon, listed on the Philippine Stock Exchange, has not disclosed a timeline for the planned REIT listing. The company's existing portfolio includes commercial and industrial properties in the Philippines.