AS investment vehicles that invest in real estate property (such as office buildings, industrial lots, business parks, shopping malls, hotels and serviced apartments), real estate investment trusts (REITs) will open up a whole new spectrum of opportunities for industry players and investors.
By allowing non-financial institutions to join in the fray compared with the days of property trusts when the sponsors must be financial institutions, the probability for success will be higher as these new players, especially property developers and owners, are the masters of the property trade.