TY - JOUR
T1 - International articles : the growth of REIT markets in Asia
AU - Ooi, Joseph T. L.
AU - Newell, Graeme
AU - Sing, Tien-Foo
PY - 2006
Y1 - 2006
N2 - Real Estate Investment Trusts (REITs) emerged in Asia in 2001, with Japan and Singapore as the market leaders. South Korea, Taiwan, Hong Kong and Malaysia have also launched REITs. This paper examines these REIT markets. The paper first examines the background of macroeconomic, financial market and real estate market development. The driving forces for REIT development on the supply and demand sides, government initiatives and market obstacles are also discussed. The initial performance of Asia REITs will be reviewed and contrasted with the common stocks in the respective markets. Finally, the future prospects of Asia REITs are assessed.
AB - Real Estate Investment Trusts (REITs) emerged in Asia in 2001, with Japan and Singapore as the market leaders. South Korea, Taiwan, Hong Kong and Malaysia have also launched REITs. This paper examines these REIT markets. The paper first examines the background of macroeconomic, financial market and real estate market development. The driving forces for REIT development on the supply and demand sides, government initiatives and market obstacles are also discussed. The initial performance of Asia REITs will be reviewed and contrasted with the common stocks in the respective markets. Finally, the future prospects of Asia REITs are assessed.
KW - Asia
KW - investment markets
KW - real estate investment trusts
KW - supply and demand
UR - http://handle.uws.edu.au:8081/1959.7/34518
UR - http://proquest.umi.com/pqdweb?index=1&did=1403865271&SrchMode=1&sid=1&Fmt=3&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1224644002&clientId=8429
M3 - Article
SN - 0927-7544
JO - Journal of Real Estate Literature
JF - Journal of Real Estate Literature
ER -