HK Reit reform welcomed, with caveats
Some market participants are unhappy about certain changes, including that there will be a cap on the amount that real estate investment trusts can invest in development projects.
The Asia Pacific Real Estate Association has welcomed wide-ranging changes coming in under Hong Kong’s framework for real estate investment trusts, although some market participants disagree on some points.
Under the amendments, Reit managers will be allowed to participate in property development projects and invest in financial instruments to manage cashflow. Some market participants have taken issue with the cap on investment in development projects and the ability for Reits to …
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