Temasek-Owned Mapletree Plans Up to US$1.5B Singapore IPO for Some China Assets -source

Sources said a property developer wholly owned by Temasek Holdings plans to raise up to US$1.5 billion, by listing some of its China properties through an IPO in Singapore next year. 

Mapletree Investments could reportedly inject some of its Chinese office and retail assets into a real-estate investment trust, which will be listed on the Singapore Exchange by the first half of 2013. 

Sources said the plans are still in the initial stage, adding that Mapletree Investments is still finalizing the exact number of properties the Reit will own. 

A spokeswoman of the company declined to comment on specifics, but said as a capital manager, it's always looking at ways to syndicate new private-equity funds or Reits. 

Mapletree Investments' latest Reit-listing plan could add to Singapore's profile as a hub for real-estate investment and business trust listings, which appeal to investors seeking assured yields from investments rather than short-term capital gains.