Review of real-estate investment rules needed to be regionally competitive


By StoryPhoto YU JI

THE Malaysian Real Estate Investment Trust (REIT) sector continues to push for greater market liberalisation with major players saying that an urgent review of industry guidelines is necessary to compete with regional sectors like Singapore’s.

“Current rules and regulations are not conducive to the growth of Malaysia’s REIT industry,” said Stewart LaBrooy, chief executive officer at Axis REIT Managers Bhd, one of the largest in the country.

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