nother potential REIT which is likely to come up before end of the year:

The proposed REIT comprises two shopping malls –Subang Parade and Mahkota Parade. Subang Parade and Mahkota Parade, which have retail space of more than 489,000 square feet and 500,000 square feet respectively.Occupancy currently stands at 98.5 per cent and 95 per cent […]

In my earlier article, there was mentioned the new tax structure which was not well received.
 
Further news from The Business Time Malaysia […]

“STATE-OWNED fund manager Permodalan Nasional Bhd (PNB) plans to launch a RM1 billion property trust in the next few months, sources told Business Times.
The real estate investment trust (REIT), which will be its third, will house assets like the recently acquired MAS building, PNB Darby Park in the city centre and several buildings that it […]

Reported in the Business Time(12/9/06) , that another Islamic REIT is lining up.
However, this time, it is an Islamic plantation REIT known as Al-Hadharah Boustead REIT, worth # RM500 million This REIT is initiated by Boustead Holdings Bhd, together with Boustead Properties Bhd.

Salient features of this proposed Syariah-compliant REIT are:

a fund size of up to […]

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 […]

In the Budget 2007,the proposed tax incentives for real estate investment trusts (REITs) are as follows:

from January 1 next year, non-corporate investors, especially resident and non-resident individuals and other local entities which receive dividends from REITs listed on Bursa Malaysia, will be subject to a final witholding tax of 15 per cent for […]