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The Honourable Ministry of Housing and Urban Affairs (“MoHUA”) has released the draft Model Tenancy Act, 2019 (“Act”) and invited public comments on the same. APREA and its members have outlined the attached comments for the consideration of the Ministry before the finalization of the Model Act and its adoption by the State Governments. 

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We would like to commend the MAS for taking proactive measures to constantly review Singapore’s REIT framework so that it remains relevant to the evolving landscape in the region as well as globally.

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The Southeast Asia (SEA) region including Singapore, Indonesia and Malaysia will be the fastest growing region for co-location data centres over the next five years, with its market size expanding by a compounded annual growth rate (CAGR) of 13 per cent between 2019 and 2024.

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  • Japan' s hotel market achieved the largest domestic transaction volume in Asia-Pacific at US$1.1 billion in the first six months of 2019. Japanese REITs comprised nearly 50 percent of total transaction volume.
  • Ayala Land Inc. (ALI), a leading property developer in the Philippines, planned to raise $300M to list the first REIT in the Philippines.
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  • 日本的酒店市场在2019 年的前六个月中实现了亚太地区最大的国内交易量11 亿美元。日本房地产投资信托占总交易量的近50%。
  • 菲律宾领先的房地产开发商Ayala Land Inc. Inc.(ALIALI)计划筹集3 亿美元将成为菲律宾第一家上市的房地产投资信托基金。
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