Big property companies prepare their REIT plans in the Philippines (Manila Standard)
29 January 2020 — The Philippine Stock Exchange said several property companies are gearing up their Real Estate Investment Trust plans after the government relaxed the rules.
PSE president Ramon Monzon said in a statement over the weekend a number of listed property companies were enthusiastic on the landmark signing of the regulations that formed part of the framework of the Real Estate Investment Trust Act of 2009.
“The property firms have long been waiting for industry concerns on REITs to be ironed out. Now that the contentious points have been addressed and the provisions are acceptable to all concerned parties, potential listing applicants have been excited to have their own REITs listed,” Monzon said
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