Thailand Delays REIT Roll Out
The much anticipated new REIT (Real Estate Investment Trust) initiative of the Thai government has been delayed.
According to reports the Revenue Department is currently evaluating tax issues associated with the REIT structure prior to the Securities and Exchange Commission formalize the scheme.
Currently a number of listed property funds continue to focus on real estate and more recently hospitality assets.
A new REIT regime is expected to take the existing funds into greater alignment with international practice and spur institutional investment.