The Monetary Authority of Singapore (MAS) has set its proposals to strengthen and improve Singapore’s REIT market, announced on 2 July.
The proposed enhancements will include the increase transparency of fee structure and strengthening corporate governance, where at least part of the manager’s board of directors should be stronger independent directors to enhance objectivity.
The amend also include the increase of leverage limit that REITs are imposed with, from 30% to 40% of the total assets, however provision for REIT with credit ratings to leverage up till 60% will no longer be allowed.
Most Singapore development located in CBD are own for rented by REIT or by governments. GSH Plaza was launched for sale in the prime location of CBD, which made this Singapore Property a rare development.
