Are REITs Ready To Take Off In Hong Kong?

Will Hong Kong join the Asia REIT boom? Investors and government officers certainly hope so.

After years of debate and consolidation, Hong Kong's real estate investment trust REIT sector has still to take off. The government has tried to kick start the industry with regulatory changes such as dropping geographic restrictions, but so far no REIT has been successfully launched in Hong Kong. Everyone has been waiting for the listing of the Hong Kong Housing Authority's HK$32 billion Link REIT, but the IPO was aborted in December 2004 after a lawsuit from two...

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