Cross-border trading in ETFs, Reits and sukuk will soon be possible on the Asean Trading Link as exchanges strive to improve foreign investors' access to a broader product range.
The US asset manager changed benchmark to boost its weighting to emerging-market property this year, but it wants to see more transparency in Asian real-estate markets.
Thailand has moved quicker than expected on a new framework for real estate investment trusts that brings the market more in line with international rules.
Real estate investment trusts are to be governed by the same rules on mergers, securities and futures as listed companies, under a new proposal from Hong Kong's Securities and Futures Commission.
China is about to approve real estate investment rules for insurers, with the authorities mindful that insurance capital should not be used to encourage speculative bubbles.