Philippines Reit law viewed as overly strict

Following ratification of the Philippines' proposed real estate investment trust (Reit) regime at the start of October, the country should have a legal framework for pooled investment in property by early next year. Yet some are concerned that the rules are rather over-zealous in certain areas. The Filipino model does a good job at picking out the best features of other relatively young Reit frameworks, such as those in Hong Kong and Singapore, says Milton Cheng, Hong Kong-based head…