Singapore’s REIT And Its Liberal Tax Policies

Not surprising that in our Business Time (9/9/06) reported that Singapore’s S$10 billion (S$1 = RM2.32) real estate investment trust (REIT) industry may triple in market value in the next five to 10 years as more assets become available.

 

Reasons for this are :

 

  • Singapore has already deregulated the REIT rules and regulations so as to allow a lot of properties and assets that can be put into REITS;
  • Its highly transparent REIT regulation and
  • More importantly, it has the most liberal tax policies

 

Quoted from Goldman Sachs Group Inc ( June06):

  • Singapore will probably retain its lead over Hong Kong as the biggest REIT market in Asia excluding Japan and Australia in the next four years because it has the most “liberal” tax policies globally.The city-state decided to forgo taxes for REIT payouts to individuals and cut taxes on dividends for overseas investors.
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September 9, 2006   Posted in: Activity-Based Costing

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