Thursday, December 11, 2008
First REITs Likely to be Born out of State-funded Enterprises
State-funded enterprises and large-sized real estate developers are expected to be the first sponsors of real estate investment trusts in China, said Li Qingxian, director of the research and cunsulting department of Colliers International's east China branch. Market watchers believe that initiation of REITs market will be constructive to the development of China's real estate investment market and equity market. The actualization of REITs will also increase the attractiveness of China's real estate market to foreign investors.