AirTrunk, the Australian data-center operator that Blackstone Inc. bought in a record 2024 deal, is looking into options. It consists a possible real estate investment trust listing in Singapore.
AirTrunk Explores Singapore REIT IPO
AirTrunk had initial talks with potential advisers about a possible REIT initial public offering that could raise over $1 billion. These sources, who requested anonymity because the information is private. It said that a listing happen as early as 2026 if they choose to proceed.
Private home prices in Hong Kong increased 0.9 % month-on-month in November, marking the sixth consecutive month of growth, according to government data released on Monday. This rise in prices comes as interest rate cuts and a strong stock market boost investor confidence.
What affects the home prices?
Home prices rose 0.9 % in November compared to October, following a revised 0.4 % increase in the previous month. However, home prices in Hong Kong have dropped nearly 30 % from a peak in 2021, affected by higher mortgage rates, a weak economic outlook, and reduced demand after many professionals left due to strict COVID measures and new national security laws.
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