Exclusive: Sources Reveal JD.Com's Unit and Two Other Companies Aim for $1 Billion Singapore REIT

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Aug 27 2025

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Source: Reuters

JD Property's New REIT: JD Property, along with Partners Group and EZA Hill Property, is planning to launch a Singapore-based real estate investment trust (REIT) valued at over $1 billion, potentially listing on the Singapore Exchange next year.
Recent Acquisitions: The consortium recently acquired four logistics assets from CapitaLand Ascendas REIT for approximately S$306 million, which will form part of the REIT's asset composition.
Market Context: This move comes amid a revival in Singapore's REIT market after a period of stagnation due to rising interest rates and economic uncertainty, highlighted by recent successful listings like NTT DC REIT.
Global Expansion Plans: JD Property aims to expand its REIT across Southeast Asia, targeting further acquisitions of industrial and logistics properties, while also pursuing a separate IPO in Hong Kong.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.