Recent fears of property bubbles and increasing regulations on housing loans in China have created a huge drag on any stocks related to China property, especially Capitaland and CapitaMalls Asia. In the midst of all these troubles, there is bound to be attractive value propositions. One of these value buys happen to be an overlooked REIT, CapitaRetail China Trust (CRCT). It’s amazing how little coverage and how nobody ever talks about this retail REIT which owns 9 well located malls in China including 4 major malls in Beijing and 1 in Shanghai. The stock is current trading at close to one year low of $1.15, which translates to a impressive current yield of 7.3%, highly unwarranted given the strong performance of the businesses itself.

img capitaretail china trustWanjing Mall is a huge shopping complex located in high density suburb of Wanjing, Beijing. Well served by public transport and provides an attractive …