PETALING JAYA: Johor Corp (JCorp) is listing another real estate investment trust (REIT) – Al-Salam REIT – next Tuesday, at a time when there is a lot of uncertainty in the capital markets and a marked slowdown in the property sector.
This would be the second REIT listing for the state investment arm, the first being Al-Aqar Healthcare REIT
. This would also be the fourth REIT based on syariah principles. The other syariah-compliant REITs are Axis REIT and KLCC REIT.
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