Singapore Reits need to stay relevant by scaling up and owning more good domestic assets
The government can consider a stamp-duty waiver for the transfer of properties into existing listed trusts or trusts eyeing a public listing
AS THE review group set up by the Monetary Authority of Singapore carries out its work on strengthening equities market development in Singapore, expect the development of the listed real estate investment trust (Reit) sector to be studied.
However, much needs to be done if Singapore is to continue as a leading Reit hub.
Singapore was an early mover in establishing a listed Reit market in Asia, with the successful debut of the then CapitaMall Trust in July 2002.
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