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No right time to remove tax breaks for Reits

The industry waits with bated breath on whether the Finance Minster's Budget 2015 will reveal an extension of these concessions.

A sunset clause for certain concessions may still be appropriate, calibrated such that the government gives two years' notice of an extension or otherwise.

SINCE the listing of the first Singapore real estate investment trust (S-Reit) in 2002, the market for S-Reits has flourished. Today, there are 28 S-Reits and six stapled securities (Reit bundled with registered business trust) listed on Singapore Exchange (SGX) with a total market