GMA News
SEC eyes expanding REIT market
The Securities and Exchange Commission (SEC) is proposing amendments to existing rules to expand the real estate investment trust (REIT) market in the Philippines.
These proposed changes aim to broaden the types of income-generating real estate assets that can be included in a REIT's portfolio.
The amendments will also offer more flexibility for REIT sponsors regarding the reinvestment of proceeds from their listing.
Additionally, the SEC is considering relaxing the minimum public ownership requirement for REITs.
The goal of these reforms is to ensure the REIT framework remains strong and adaptable to market demands, thereby facilitating capital generation for the real estate sector and boosting economic development.
Furthermore, the SEC plans to expand the definition of income-generating real estate assets by allowing REITs to hold these assets through wholly-owned, unlisted special purpose vehicles (SPVs).
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