DoubleDragon Corp., chaired by Edgar "Injap" Sia II and Tony Tan Caktiong, is planning to list a real estate investment trust in Singapore valued at SGD 300 million, according to Philstar Biz. The listed Philippine company said it intends to enter Singapore's REIT market through the proposed vehicle.
The report gave no additional details on the assets that would be placed under the REIT or the expected timeline for the listing. The move would mark DoubleDragon's entry into the city-state's property trust market, which hosts several regional REITs.
If completed, the listing would be one of the few overseas REIT offerings by a Philippine developer in recent years. DoubleDragon has yet to disclose further information, and the plan remains subject to regulatory and market conditions.