Existing Reit markets still have room to grow
But tax and legislation remain the biggest hurdles to forming Reit regimes in nascent markets: analysts
Singapore
WHILE it is good that several developing countries have been building up their nascent real estate investment trust (Reit) regimes, some analysts and asset managers think that there is still a lot more room for existing Reit markets to build up their capacities.
At the Asia Pacific Real Estate Association (APREA) summit on Wednesday, Christian Bernasconi, managing director of B&I Capital, an asset management firm, said: "I think that the core markets we have are not yet fully developed. Having more regimes out there is a very positive thing, but I see the major markets, especially Japan, far from developed.
"Japan to me could potentially be a game-changer if it were to adopt …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases