Sasseur Reit eyes South-east Asia for next phase of growth as it looks beyond China
It will explore small to mid-sized opportunities in markets such as Malaysia, Vietnam and Indonesia
Sasseur Real Estate Investment Trust (Reit) is shifting its focus to South-east Asia, aiming to diversify its presence beyond China. The Singapore-based Reit, which listed on the Singapore Exchange eight years ago with four outlet malls in China, now envisions an international expansion across the region. CEO Cheng Hsing Yuen expresses optimism about internationalizing Sasseur Reit within the next three to five years.
The Southeast Asian market's growth is driven by factors such as an expanding middle class, increased tourism, particularly from China, and the entry of Chinese brands into the region.
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