{"id":31513,"date":"2025-06-24T19:19:16","date_gmt":"2025-06-24T11:19:16","guid":{"rendered":"https:\/\/aprea.asia\/?page_id=31513"},"modified":"2025-07-08T11:11:54","modified_gmt":"2025-07-08T03:11:54","slug":"priority","status":"publish","type":"page","link":"https:\/\/www.aprea.asia\/zh_hk\/priority\/","title":{"rendered":"\u512a\u5148\u9806\u5e8f"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"31513\" class=\"elementor elementor-31513\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d446216 e-flex e-con-boxed e-con e-parent\" data-id=\"d446216\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-75e00b8 elementor-widget elementor-widget-heading\" data-id=\"75e00b8\" data-element_type=\"widget\" data-e-type=\"widget\" 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menu-item-31506\"><a href=\"https:\/\/www.aprea.asia\/zh_hk\/advocacy\/\" itemprop=\"url\" class=\"elementor-item\">\u5ba3\u50b3<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-31515\"><a href=\"https:\/\/www.aprea.asia\/zh_hk\/priority\/\" itemprop=\"url\" class=\"elementor-item\">\u512a\u5148\u9806\u5e8f<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-31693\"><a href=\"https:\/\/www.aprea.asia\/zh_hk\/regional-advocacy-committee\/\" itemprop=\"url\" class=\"elementor-item\">\u5730\u5340\u5021\u8b70\u59d4\u54e1\u6703<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-31739\"><a href=\"https:\/\/www.aprea.asia\/zh_hk\/china-advocacy-committee\/\" itemprop=\"url\" class=\"elementor-item\">\u4e2d\u570b\u5021\u8b70\u59d4\u54e1\u6703<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-31738\"><a 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tabindex=\"-1\">\u65b0\u52a0\u5761\u5021\u8b70\u59d4\u54e1\u6703<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e530e67 e-con-full e-flex e-con e-child\" data-id=\"e530e67\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6560557 elementor-widget elementor-widget-n-accordion\" data-id=\"6560557\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:300,&quot;sizes&quot;:[]},&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"\u624b\u52d5\u5f0f\u3002\u4f7f\u7528 Enter \u6216 Space \u958b\u555f\u9023\u7d50\uff0c\u4f7f\u7528 Escape \u95dc\u9589\uff0c\u4e26\u4f7f\u7528\u65b9\u5411\u9375\u5c0e\u822a\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1060\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1060\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Our priority issues are to: <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1060\" class=\"elementor-element elementor-element-34544a4 e-con-full e-flex e-con e-child\" data-id=\"34544a4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f209c2c elementor-widget elementor-widget-text-editor\" data-id=\"f209c2c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul class=\"twocol\"><li>Secure world class REIT regimes in Asia Pacific countries where they don\u2019t exist.<\/li><li>Improve REIT frameworks to a \u2018state of the art\u2019 quality in countries that already host securitisation platforms.<\/li><li>Improve cross-boarder investment rules.<\/li><li>Rationalise real estate taxation arrangements.<\/li><li>Promote the rational adoption and adaptation of international capital markets and industry standards (where appropriate).<\/li><li>Improve the ground rules for doing businesses.<\/li><li>Support the digitisation of official real estate ownership frameworks to improve market efficiency.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1061\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1061\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> APREA\u2019s advocacy objectives are a more formalised Asia Pacific marketplace that includes: <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1061\" class=\"elementor-element elementor-element-92c90d8 e-con-full e-flex e-con e-child\" data-id=\"92c90d8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-95d34e4 elementor-widget elementor-widget-text-editor\" data-id=\"95d34e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul class=\"twocol\">\n<li>Capital market depth.<\/li>\n<li>Greater investment choice, diversity and versatility.<\/li>\n<li>The ability to toggle between public and private markets.<\/li>\n<li>Easier cross-border investment.<\/li>\n<li>More market players.<\/li>\n<li>More certain rules and lower taxes.<\/li>\n<\/ul>\nThe bottom line should be a larger and deeper real estate investment which should generate more investment opportunities.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1062\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1062\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Growth Agenda                 <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1062\" class=\"elementor-element elementor-element-68047d9 e-con-full e-flex e-con e-child\" data-id=\"68047d9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11d79c2 elementor-widget elementor-widget-text-editor\" data-id=\"11d79c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition to REIT advocacy, APREA also engages governments in relation to:<\/p><ul><li>tax liberalisation \u2013<wbr \/>\u00a0rationalising the number and impact of taxes that apply to real estate investment<\/li><li>cross border investment \u2013<wbr \/>\u00a0streamlining the process for international allocation and repatriating returns and capital<\/li><li>assisting governments develop innovative funding and financing mechanisms in relation to nation building programs, including infrastructure and affordable housing<\/li><li>helping shape \u2018fit for purpose\u2019 international frameworks relevant to accounting standards, good governance, stewardship and ESG protocols, as well as voluntary industry standards.<\/li><li>promote other \u2018inclusive growth\u2019 programs that support nation building.<\/li><li>regtech solutions that will build certainty around property rights in emerging countries.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1063\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1063\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> \u5370\u5ea6 <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1063\" class=\"elementor-element elementor-element-49fc4a1 e-con-full e-flex e-con e-child\" data-id=\"49fc4a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3fff1a3 elementor-widget elementor-widget-text-editor\" data-id=\"3fff1a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol>\n    <li>REITs and InvITs: Ongoing advocacy for calibrating the regulations to get the depth of the market and to make it successful for all stakeholders.<\/li>\n    <li>FPIs, Insurance Companies and Pension Funds: Allowing FPIs, insurance companies and pension funds to invest in debt securities of REITs and InvITs and to allow bank lending to REITs.<\/li>\n    <li>Making a case for treating REITs and InvITs at par with listed companies.<\/li>\n    <li>India Infrastructure and InvITs: A local committee was formed to take forward the agenda of infrastructure investments into India as the government has ambitious plans for the National Infrastructure Pipeline.<\/li>\n    <li>Submissions were made on indirect tax GST for real estate, infra and warehousing especially for input tax credit, JDA and TDR. A meeting is being sought with the Prime Minister&#8217;s Office to step on the gas.<\/li>\n    <li>Best Practices for REITs and InvITs.<\/li>\n    <li>GST Critical matters to Infrastructure, Warehousing and Real Estate\n        <ul>\n            <li>GST on development rights transferred pursuant to joint development agreements (&#8220;JDA&#8221;) for commercial real estate projects;<\/li>\n            <li>GST on transferable development rights (&#8220;TDR&#8221;);<\/li>\n            <li>Restriction on availment of input tax credit for developers engaged in renting or leasing of commercial spaces;<\/li>\n            <li>Payment of GST on receipt basis (as opposed to accrual basis) or adjustment on account of subsequent bad debts;<\/li>\n            <li>GST rates and exemption in case of residential projects; and<\/li>\n            <li>GST exemption on long term lease of land for commercial and residential (Post OC sale) projects<\/li>\n            \n\n        <\/ul>\n    <li>Other FPI matters<\/li>\n    <\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1064\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1064\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> \u4e2d\u570b\u548c\u9999\u6e2f <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1064\" class=\"elementor-element elementor-element-bdc238f e-con-full e-flex e-con e-child\" data-id=\"bdc238f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fa0628d elementor-widget elementor-widget-text-editor\" data-id=\"fa0628d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t             <p><b>Housing and Infrastructure<\/b><br>Propose innovative funding and financing mechanism (including securitisation)<\/p>\n<p><b>Shenzhen &#8211; Hong Kong connect mechanism<\/b><br>Remove barriers to the inclusion of real estate in the \u201cconnect\u201d mechanisms.<\/p>\n<p><b>Shanghai &#8211; Hong Kong connect mechanism<\/b><br>Remove barriers to the inclusion of real estate in the \u201cconnect\u201d mechanisms.<\/p>\n<p><b>Mandatory Provident Authority<\/b><br>Liberalise the rules that currently limit a Hong Kong citizen\u2019s ability to allocate, more real estate to their mandatory pension account<\/p>\n<p><b>Automatic Exchange of Information (AEOI)<\/b><br>Propose a more efficient compliance system for REITs that aligns to international practice.<\/p>\n<p><b>Insurance companies and real estate<\/b><br>Remove barriers to insurance companies investing in eligible the real estate (in particular, REITs and InvITs)<\/p>\n<p><b>Foreign investment rules<\/b><br>Streamline cross border and repatriation rules for real estate \u2013 remove cash traps<\/p>\n<p><b>Foreign Property Investors (FPI) regime<\/b><br>Enable efficient access to corporate bonds for real estate purpose<\/p>\n<p><b>Property rights<\/b><br>Work with governments and other stakeholders to fast-track a trusted land rights and title registration system, utilising innovative regtech strategies where viable.<\/p>              \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1065\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1065\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Philippines <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1065\" class=\"elementor-element elementor-element-f591815 e-con-full e-flex e-con e-child\" data-id=\"f591815\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-154df02 elementor-widget elementor-widget-text-editor\" data-id=\"154df02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t           <p>In addition to REIT advocacy, APREA also engages governments in relation to:<\/p>\n<ul class=\"twocol\">\n<li>Re-boot REITs to turbocharge economic growth<\/li>\n<li>Commit to a new deal to revitalise cities in the Philippines<\/li>\n<li>Connect the Philippines with smart infrastructure<\/li>\n<li>Introduce a plan for sustainable and resilient<\/li>\n<li>Launch national housing solutions that delivers affordability and choice<\/li>\n<li>Promote the Philippines as a business investment hub<\/li>\n<li>Unlock the archipelago\u2019s tourism opportunities<\/li>\n<li>Cut red tape and increase contractual certainty<\/li>\n<\/ul>              \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1066\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1066\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> \u65b0\u52a0\u5761 <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1066\" class=\"elementor-element elementor-element-f6bacb8 e-con-full e-flex e-con e-child\" data-id=\"f6bacb8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-976298f elementor-widget elementor-widget-text-editor\" data-id=\"976298f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t    <p><b>Fund structures (and tax efficiency)<\/b><br>APREA promotes tax efficient fund structures for real estate investment holdings.<\/p>\n<p>This includes incorporating real estate in such legislation as the Asia Region Funds Passport and Singapore Variable Capital Company (S-VACC) regimes.<\/p>\n<p>In all cases, we aim to ensure an even playing field between different types of managers across different jurisdictions.<\/p>\n<p><b>REIT regulations<\/b><br>The Singapore Government and stock exchange regularly seek APREA\u2019s views on the nation\u2019s evolving REIT regime.<\/p>\n<p>Recent discussions relate to internal-external management, income support, valuation methodologies, etc.<\/p>\n<p>Our approach is to maximise the long-term potential of the Singapore REIT market and to ensure all key stakeholders are appropriately incentivised. \u200b<\/p>\n<p><b>Singapore Stewardship Principles (SSP)<\/b><br>APREA supports the Singapore Stewardship Principles (SSP) as a fundamental leap forward in fostering a healthy, efficient and trusted capital marketplace.<\/p>\n<p>The SSPs set out seven voluntary guiding principles which address clarity of investment intentions, enhanced engagement and collaboration between asset owners and managers, transparency, conflict resolution and corporate citizenship.<\/p>\n<p>The SSP was developed by a high-powered group of prominent stakeholders, including APREA, and is supported by the Monetary Authority of Singapore and the Singapore Stock Exchange.<\/p>              \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1067\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1067\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> In addition, APREA participates in several international initiatives: <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1067\" class=\"elementor-element elementor-element-e990eb2 e-con-full e-flex e-con e-child\" data-id=\"e990eb2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9301b95 elementor-widget elementor-widget-text-editor\" data-id=\"9301b95\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t  <p><b>International accounting standards<\/b><\/p>\n<ul>\n<li>APREA works with REESA \u2013 the Real Estate Equity Securitisation Alliance \u2013 on the following projects<\/li>\n<li>FFO\/AFFO\/ACFO reporting conventions<\/li>\n<li>EBITDA conventions<\/li>\n<li>Business combinations project<\/li>\n<li>Primary Financial Statements project<\/li>\n<li>Sustainability Accounting Standards Board\/Real Estate Sustainability Council \u2018code\u2019<\/li>\n<\/ul>\n<p><b>International real estate measurement standards<\/b><\/p>\n<ul>\n<li>APREA supports the development of international standards via the International Property Measurement Standard Coalition, which is actively developing global measurement conventions<\/li>\n<\/ul>\n<p><b>International real estate ethics principles<\/b><\/p>\n<ul>\n<li>APREA is a member of the International Ethics Standard Coalition, which is developing the first set of globally recognised ethics standards for property and related professional services.\n<p><a href=\"http:\/\/www.ies-coalition.org\/\" target=\"_blank\" rel=\"nofollow noopener\">www.ies-coalition.org<\/a><\/p>\n<\/li>\n<\/ul>              \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Advocacy Priorities Our priority issues are to: Secure world class REIT regimes in Asia Pacific countries where they don\u2019t exist. Improve REIT frameworks to a \u2018state of the art\u2019 quality in countries that already host securitisation platforms. Improve cross-boarder investment rules. Rationalise real estate taxation arrangements. Promote the rational adoption and adaptation of international capital <a href=\"https:\/\/www.aprea.asia\/zh_hk\/priority\/\" class=\"more-link\">\u2026<span class=\"screen-reader-text\">  \u512a\u5148\u9806\u5e8f<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-31513","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Priority - Asia Pacific Real Assets Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aprea.asia\/zh_hk\/priority\/\" \/>\n<meta property=\"og:locale\" content=\"zh_HK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Priority - Asia Pacific Real Assets Association\" \/>\n<meta property=\"og:description\" content=\"Advocacy Priorities Our priority issues are to: Secure world class REIT regimes in Asia Pacific countries where they don\u2019t exist. 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