Flurry of new listings boasting high-risk yields of more than 18% The JSE's property loan stock (PLS) sector is expanding fast and, for the first time, investors have a real choice between quality yields of 11% or high risk at more than 18%. They can also choose between office, retail and industrial subsectors.

A transaction of R1,5-billion that will make Growthpoint properties the largest property loan stock company on the JSE Securities Exchange is expected to start a trend to convert direct ownership of property portfolios into property listings.