Freer reign for S'pore, HK Reits may see them in riskier areas: S&P
MAS's proposed 45% gearing limit is consistent with recent research by DTZ, it says
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Singapore
THE freer regulatory rein for real estate investment trusts (Reits) in Singapore and Hong Kong will not affect their credit in the next year or so, but may expand their operating strategies into riskier areas, Standard & Poor's (S&P) said in a Monday report.
For instance, the Monetary Authority of Singapore (MAS) recently announced the raising of gearing and development limits for Reits, while giving some unitholders the rights to appoint the directors of Reit managers.
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