Monday, March 5, 2012

Govt keeping watch on Reits and rental rates

Straits Times: Sat, Mar 03
THE Government will intervene in the industrial market if it detects any collusion among real estate industrial trusts to fix rental rates, said Trade and Industry Minister Lim Hng Kiang yesterday.

He gave the assurance to MPs who are worried that Reits were driving up rents of industrial property.

An earlier report had estimated that industrial Reits own just 15.8 per cent of the total market...

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