Investment Prospects Of Malaysian REITs To Scale Up With Best Practices (New Straits Times)
April 6, 2022 – Bursa Malaysia saw its first real-estate investment trust (REIT) in 2004, while the first REIT was listed on the Singapore Exchange (SGX) in July 2002.
Today, SGX has 44 REITs with a total market capitalisation of S$115 bil (RM356 bil) as at Dec 31, 2021, while Bursa has 18 on its main market with a total market capitalisation of RM39.34 bil in the same corresponding period.
Malaysian REITs pale in comparison to Singapore REITs but the Malaysian REIT Managers Association is planning to work with the regulators to scale up with best practices.
This includes liberalisation of the withholding tax of Malaysian Reits Income Distribution to all unitholders, taxtransparency for joint ventures and appeal to classify REITs under the definition of a property based business, among others.
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