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The case for managing Reits internally

MAS' proposed enhancements of Singapore's Reit sector are timely, but the sector needs to beef up governance to win wider acceptance and investors' confidence.

S-Reits are managed by a separate company for a fee. In contrast, US Reits are led by their founders and run by a team with interests aligned with those of investors.


AFTER a long wait, the Monetary Authority of Singapore (MAS) has finally come out with proposed enhancements to the Reit regime in Singapore. The enhancements, while encouraging greater accountability and transparency of Reits, are unlikely to materially change the Reit