Growing REITs offer China way to deal with excess real estate inventory

Postbubble Japan shows impact of discipline imposed by investor scrutiny

20250922N Capitamall Sky+

Singapore's CapitaLand investment is set to list a real estate investment trust in China focused on shopping centers. (CapitaLand Investment)

TAKAHISA TODA

HONG KONG -- Publicly traded real estate investment trusts are gaining momentum in China with government encouragement, drawing parallels with Japan after its economic bubble, when REITs spurred a shift in property investment that targets yields rather than rising prices.

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