Real estate investment trusts (Reits) are gaining mass acceptance in Asia. After strong institutional and retail demand among Asian offerings, mainly from Singapore and Hong Kong, other Asian countries are learning the benefits of these property investment vehicles.
Most recent are Thailand and Malaysia. In August DBS and Thai Military Bank launched the Bt7.3 billion ($178 million) CPN Retail Growth Property Fund. Managed by local mall developer Central Pattana, the Reit operates two Bangkok malls and is Thailand’s largest to date.
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