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Tuesday, 28 June 2011 03:37

Hong Kong is one of the most transparent but volotile stock exchanges in Asia, and the REIT regulations command that REITs must pay out at least 90% of their net profits to shareholders as dividends (to avoid tax), and own 3+ properties (which are not owner-occupied); hold at least 75% of their assets in real estate, government securities or cash; derive at least 75% of their income from rent, mortgages or property sales; not use more than 45% leverage (loan-to-value); engage in no more than 10% development work; employ external property management. They can invest overseas (obviously with an eye on the 'mainland'), and JV with others (so long as they have a controlling interest).

Last Updated on Wednesday, 27 July 2011 10:02