Reit rule changes could be announced in May: Nomura

Singapore

NOMURA said in a Wednesday report that it believes the final changes to regulations for real estate investment trusts (Reits) could be announced sometime this month.

Most other analysts are expecting a confirmation of the rules in the second quarter of this year. Reit Association of Singapore CEO Sonny Tan told The Business Times that a recent check with the Monetary Authority of Singapore (MAS) led the central bank to reply that it was still "work in progress".

The MAS published a consultation paper on a set of wide-ranging proposed changes to Singapore Reit regulations last October to bolster corporate governance in the sector. Public feedback on the consultation pape…