| From Thestar.com.my: Malaysia can expect to see more institutional property funds and real estate investment trusts (REITs) coming into the market in the next few quarters following the liberalisation of Foreign Investment Committee (FIC) guidelines for property purchases by foreigners and removal of the bumiputra equity condition in public-listed companies.
According to Axis REIT Managers Bhd chief executive officer-cum-executive director Stewart LaBrooy, the removal of the 30% bumiputra condition on listed companies, which hopefully would also apply to REIT management companies, would spur a more level playing field for industry players.........Full Article: Source
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