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Temasek Unit Targets $1.36 Billion in REIT IPO

Singaporean property developer Mapletree Investments Pte. plans to raise up to 1.68 billion Singapore dollars ($1.36 billion) by listing a China-focused real-estate investment trust in Singapore, in what would be city-state's largest initial public offering in two years.

The planned flotation of Mapletree Greater China Commercial Trust would be Singapore's largest since Hutchison Port Holdings Trust raised US$5.5 billion in March 2011. It will also be Singapore's biggest-ever REIT offering, topping Mapletree Commercial Trust's S$949.5 million IPO in April 2011 and strengthening the city-state's position as a regional hub for REIT listings.

Mapletree Investments' China-focused REIT plans to sell at least 776.6 million units to institutional and retail investors at an indicative price range of S$0.88-S$0.93 each, according to a preliminary prospectus filed Friday with Singapore's central bank. The number of units available to such investors could rise to 856.5 million if an over-allotment option is exercised to meet strong demand, the prospectus said.

Cornerstone investors—among them Norges Bank Investment Management and units of AIA Group, CBRE Group, Henderson Global Investors and Morgan Stanley—have already agreed to take up about 953.5 million units, the prospectus showed.

Mapletree Investments, the real-estate arm of Singaporean state investment company Temasek Holdings Pte., would take up 851.7 million-931.6 million units, depending on whether the over-allotment option is exercised.

Mapletree Greater China Commercial Trust—which would be Mapletree Investments' fourth REIT—plans to list on the Singapore Exchange on March 7, the prospectus said. It will take orders from institutional buyers beginning Monday, before opening its offering to retail investors on Feb. 28.


Just Sharing Info

link to the PRELIMINARY PROSPECTUS

Hi All,

Anyone here using SG trading account to buy REITS? Which would be the cheapest brokerage when divvy auto debit to your sgd bank account,would there be any charges? Thanks in advance sifu

This post has been edited by CP88: Feb 15 2013, 10:10 PM

If you using maybank nominee account, now can activate for global trade. Trade thru maybank2u->global trading.
To activation global tading -Maybank will send the form to fill and the rate(SG, Indonesia, US and etc) in pdf scan image.
I have the attachment at my office computer send by maybank ampang park. I attach tomorw when i go to office.
The same rate charge broker fee as buying m'sia reits but in SGD, as i remember.

Not mistaken the dividen will bank back to ur maybank account.
I havent buy any SG reits, still pending activation since today. Hv call the jalan ampang, stated me to wait till next week monday.

if you are using maybank direct account, then the remiser will change your online to powerbroker, then you cant trade online for nominee(if you hv) cds account anymore.

hope this can help you.

Thanks alot sifu. But as far as I know for nominee there will be a surcharge of RM2.50 for each divvy received (Based on my experience on Hle nominee account).

Yes, is true. Cant apply IPO , getting divident after 5 working day and dont recieve company financial statement.
Good thing is , there is is right issue, doesnt need to fill the form ourself juz a call to Investment branch.


Why i open nominee account....long story didnt do research when i want to open to buy Maxis IPO. After went tru the Q & A about stock jz realize my mistake. Lesson learn going forward. Happy investing

This post has been edited by felixmask: Mar 13 2013, 08:38 AM

Morning CP88,

As promise attachment for the global trading charges.


Attached File(s)
 maybank_nominee_global_trading_charges.pdf ( 83.94k ) Number of downloads: 104

Thanks for the sharing. Appreciate it.

Mapletree's Greater China Reit priced at 93 Singapore cents



Mapletree Greater China Commercial Trust (MGCCT), the largest real estate investment trust (Reit) to be listed here to date, has been priced at 93 Singapore cents, the top end of the offering price range.

This was a result of the interest received from institutional investors during the bookbuilding process, it said on Wednesday as it registered its final prospectus with the Monetary Authority of Singapore.

The price range was guided at between 88 and 93 Singapore cents.

MGCCT will raise about S$1.68 billion in gross proceeds from the initial public offering. It will use the sum, together with HK$12.15 billion (S$1.94 billion) from an unsecured loan facility to pay the vendors for the acquisitions of the properties in its portfolio and for costs incurred from the offering and loan facility, as well as for working capital.

I use CIMB itrade to buy.pretty high charge considering the forex.min SGD28 + $40rm + etc etc fees=about rm$100+
and my dividend they deduct min SGD10 service charge,while Hle deduct SGD6+rm10

that is the bad news,but the good news is my portfolio is doing pretty well 50% capital gain in 1 year

EXPENSIVE...MUST buy big lot.

I still havent decide still looking/searching and studying.

Can share what u buy SREITS?

i 'small fish' only can only buy 1 lot haha
i buy only starhill global reit since it has property in singapore,malaysia,australia,japan,china

better then noting...Do you look at Business Trust.

hmm not really since i am more into REIT.wants to buy other like suntec,capitamalls trust but they were way too pricy than what i can afford,so at the end the cheapest one starhill global 60cents haha

Hi guys.. look what i've found here!

Mapletree Greater China Commercial Trust: How will the court decide over Gateway Plaza loan claim? - We don't know – that's up to the court. But pending litigation in Supreme People’s Court of China could well be the most happening thing for the Trust in coming months. Along with property cooling measures. http://www.investorcentral.org/show_text.php?textid=17492

This post has been edited by AshaLee: Mar 14 2013, 10:09 AM

So, any1 think which reits in Singapore worth buying? Almost all or all above NAV?

suntec reit is below nav.....

Yes. Suntec is undergoing renovations now. Will be completed be year end.
DPU is expected to increase.

Thanks for the update, vested on it hopefully will show us flying colours reports....... Hooray