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C9 Hotelworks Founder and Managing Director Bill Barnett is a noted columnist, author and leading authority on travel trend, hotels and property.View all the books from C9
As we come into the New Year it's out with the old, and in with the new.
So goes Thailand's transition from Property Funds to the more globally accepted REIT's.
According to a legal update issued by Baker & McKenzie Thailand, the end of December 2013 was the last day to submit applications from PFPO's (Property Fund Public Offerings).
Going forward property developers in Thailand will need to use the REIT (Real Estate Investment Trust) vehicles.