JD Property and Partners Plan $1 Billion Singapore REIT Launch
Strategic Move to Expand Logistics Footprint in Southeast Asia

Benjamin Seow
Aug 27, 2025
JD Property, the infrastructure arm of JD.com, is launching a new Singapore-based real estate investment trust (REIT) worth over $1 billion in partnership with Partners Group and EZA Hill Property.
This move signifies a bold expansion into Southeast Asia's logistics sector.
The group recently acquired four logistics facilities from CapitaLand Ascendas REIT, which will anchor the new REIT’s portfolio.
The REIT is expected to be established by October, targeting a potential listing on the Singapore Exchange next year.
This initiative highlights rising Chinese investment and renewed confidence in Singapore’s REIT market.
Backed by Hillhouse’s Rava Partners, EZA Hill Property has been expanding logistics holdings regionally.
The partnership aims to scale the REIT across Southeast Asia, with plans to acquire additional industrial assets.
This collaboration positions the consortium to shape the region’s logistics landscape and tap into robust growth trends.