Mapletree Greater China Commercial Trust rose as much as 10.2 per cent in its debut on Thursday, underscoring demand from yield-hungry investors after the Temasek-backed trust raised US$ 1.3 billion (HK$ 10.1 billion) in Singapore’s biggest REIT offering.

The real estate investment trust, which is backed by Singapore state investor Temasek Holdings, rose to S$ 1.025 in early trading, compared with a 0.1 per cent decline in the benchmark Straits Times Index.