Hongkong Land should do a Reit not a private fund with its prime Singapore office assets

[SINGAPORE] Hongkong Land Holdings is pressing ahead with growth in fund management.

The 136-year-old property group said recently that it has made significant advancements towards launching its first private real estate fund – the Singapore Central Private Real Estate Fund (SCPREF).

SCPREF, which is expected to be the largest Singapore private real estate fund with over S$8 billion of assets under management at inception, will focus on prime commercial assets in the city-state.