Thai Reit proposals offer greater flexibility
Thailand has moved quicker than expected on a new framework for real estate investment trusts that brings the market more in line with international rules.
Thailand’s Securities and Exchange Commission (SEC) is drafting a regulatory framework to establish real estate investment trusts (Reits).
It may be in force late this year or early next and is expected to boost the country’s $2.43 billion property fund market.
Reits are expected to provide greater flexibility in establishing and managing real estate investments than the current Thailand Property Fund for Public Offering (PFPO) regime, according to law firm Baker & McKenzie.
PFPOs…
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