SINGAPORE: Singapore announced a series of proposed reforms to its real estate investment trust market (REIT) on Thursday, which include a change in debt limits and more safeguards to try to ensure trust managers act in the interests of investors.
The Monetary Authority of Singapore (MAS) said it was proposing to change the leverage limit for REITs to 45 percent of their property assets. Currently REITs that have a credit rating can leverage up to 60 percent of their assets, while those that are unrated can leverage up to 35 percent.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
