KUALA LUMPUR: The government may need to reconsider the continuation of support for the real estate investment trust (REIT) sector as the industry has reached a level of maturity and strong commercial viability, says Finance Minister II Datuk Seri Amir Hamzah Azizan.
He said Malaysia has capitalised on the REIT business over the past 21 years, with the REIT sector now positioning itself as a viable alternative for companies to strengthen their balance sheet.
He noted that the REIT market capitalisation reached about RM57bil last year, compared with less than RM1bil when it was first introduced, and that the markets have accepted that REIT is an important enhancement to the market. — Bernama
