First Real Estate Investment Trust (SGX: AW9U) is a Singapore-listed healthcare REIT that is sponsored by PT Lippo Karawaci Tbk. Lippo Karawaci is Indonesia’s largest broad-based listed property company and it operates the Siloam Hospitals Group, one of the largest hospital chains in the country. Siloam is Indonesia’s most progressive and innovative healthcare provider which has achieved international standards.

First REIT is managed by Bowsprit Capital Corporation Limited, the Trust has successfully built a high quality and diversified asset portfolio of 18 properties comprising 14 located in Indonesia, three in Singapore and one in South Korea. The properties are collectively valued at over S$1 billion. The stable income-producing portfolio covers the full scale of healthcare real estate, including hospitals, nursing home, rehabilitation centre and other healthcare-related facilities. First REIT owns and manages one of the fastest growing sectors in Indonesia. Does that make First REIT a good investment?

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