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Volume9
MonthMay
Year2008
TitleThe Proliferation of Global REITS and the Cross Borderization of the Asian Market
Author(s)Julius L. Sokol
First Page481
AbstractAfter a brief discussion on the history of REITs, this Article goes on to analyze their importance and role within the global and Asian economy. Next, the underlying motivations for legal amendments to the REIT structures are discussed, as well as the socio-economic benefits associated with coordinating liberal REIT legislation throughout Asia. Subsequently, this article analyzes the various regulatory aspects of the regimes in Japan, Singapore, Hong Kong, South Korea, Thailand and Malaysia. In exploring their shortcomings, comparisons are made to the highly successful United States REIT structure. Given the history of our nation's regime, it goes without saying that Asian REITs have a lot to learn in order to achieve maximum growth and future success.