Report: JD Group's subsidiary plans to establish a $1 billion REIT in Singapore.

Two sources familiar with the matter said that JD Group's real estate investment department, JD Intelligent Development Co., Ltd., along with Partners Group and EZA Hill Property, are planning to launch a real estate investment trust (REIT) based in Singapore, with assets possibly exceeding 1 billion US dollars. The REIT is expected to debut on the Singapore Exchange as early as next year, with plans to establish the REIT no later than October. JD, JD Intelligent Development, Partners Group, and EZA Hill have not commented on the matter.