KPO and CZM are back from our long 2 weeks holiday and we missed the APAC Realty IPO! I can only console ourselves that we have not been very lucky with IPOs so we will most likely waste the $2... On the bright side, a 3rd REIT ETF - Lion-Phillip S-REIT ETF will be listed on SGX. The main difference is that the REITs in the ETF are all from SGX. The ETF attempts to replicate the Morningstar Singapore REIT Yield Focus Index (click on "Equity" follow by "Dividend"). You can refer to the prospectus in MAS site for more information too. Since this is not an IPO, one will not be able to apply through ATM or I-banking. It was stated in the prospectus that the issue price of each unit during the Initial Offer Period is S$1.000 and it will be listed on 30th October 2017. However, one has to apply for a minimum of ......