Existing Reit markets still have room to grow
But tax and legislation remain the biggest hurdles to forming Reit regimes in nascent markets: analysts
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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.
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