Debate over Reit governance not over yet

Singapore

PROPOSALS by the central bank to strengthen the rules governing Singapore real estate investment trusts (S-Reits) and Reit managers will go some way to mitigate the "agency problem" seen in these Reits.

But with the Monetary Authority of Singapore (MAS) stopping short of taking a stand on whether Reits should be internally or externally managed, the debate over Reit governance is unlikely to go away soon.