Hong Kong’s REITS and Wrongs

Another example has just surfaced of the ability of Hong’s real estate developers to find new ways of exploiting investor sentiment, positive or negative. Two years ago the Great Eagle group became one of the first Hong Kong property companies to launch a real estate investment trust (REIT). Hitherto the territory had been considered infertile ground for REITs because there were none of the tax advantages which favor them in other jurisdictions. Anyway Hong Kong had such a range of and mix of developers and property investment companies that individual and institutional investors alike already had plenty of choice for acquiring easily tradable assets in the sector.

Read →

Comments on this post are for paying subscribers