Singapore has a reputation as a leading REIT hub. But with 11 other REIT markets in the region and recent first REIT listings emerging in India, the Philippines and China, can the city-state stay attractive to sponsors? Experts tell The Edge Singapore it certainly looks that way.
Jonathan Yap, CEO, Fund Management, CapitaLand Investment (CLI), attributes the REIT hub status to six factors, citing a joint report released by Deloitte Singapore and the REIT Association of Singapore (REITAS) last November. These include strong governance and regulatory framework; international investor base and activity; diverse offerings; efficient tax regime; political stability; and vibrant secondary capital market.
“These factors interplay with and complement one another to create a conducive environment for S-REITs to flourish and achieve prominence at the regional level,” Yap says.