SINGAPORE (Mar 12): The US real estate investment trust (REIT) market is the largest in the world. If there is any economy that can match the US in size and depth, it is China. The Middle Kingdom’s REIT market could, by some accounts, be as big as, or bigger than, the US’. However, China has not introduced a formal REIT regulation. Singapore introduced its REIT regulation in 1999 and its first REIT — CapitaLand Mall Trust — was listed in 2002 after a failed first attempt as Singapore Property Trust.

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