Beyond cyclical market factors, industry leaders interviewed in the report highlighted regulatory requirements and tax considerations as ongoing factors impacting governance flexibility and sector development.
Two decades after the listing of its first REIT, Hong Kong's market has plateaued at 11 listed REITs — a figure that falls short of the numbers seen in Singapore with its 40 listed S-REITs.
On Dec 12, Deloitte China and the Hong Kong REITS Association (HKREITA) jointly released Unlocking Future Growth through Reform: A Vision for Hong Kong REIT Market, a market research report drawing on insights from REIT industry leaders and comparative analysis of major REIT jurisdictions to examine how regulatory enhancements, tax optimisation and market development measures can strengthen Hong Kong's REIT (H-REIT) ecosystem.
