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Change in HK Reit rules could divert HK$34b to development

Reits can now invest 10% of gross asset value in property development, repair

[HONG KONG] A change to Hong Kong's real estate investment trust rule may free HK$34 billion (S$5.4 billion) for property development and rebuilding, according to Victor Yeung, who runs Admiral Investment Ltd that invests in Reits.

Of the amount, HK$27 billion could come from trusts with...

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