The Ministry of Land, Infrastructure and Transport said it will announce legislation from tomorrow (14th) to 25th of next month on the enforcement ordinance of the Real Estate Investment Company Act, which calls for expanding REITs' investment targets and rationalizing regulations.
In addition to traditional real estate, the amendment diversified its investment targets to include structures installed on land or buildings such as data centers and industrial complexes, as well as real estate financial products such as asset-backed securities (ABS) and mortgage securities (MBS) to generate stable profits for REITs.
In addition, if the Minister of Land, Infrastructure and Transport recognizes assets not listed in the Enforcement Decree, a comprehensive regulation will be established to include them in REITs assets.In order to ensure that
REITs can quickly secure superior assets, a sales contract is allowed for real estate that has undergone appraisal even before the REITs business license.
It will also improve unnecessary regulations on REITs by abolishing reporting and submission of data already disclosed through public disclosure, such as credit ratings and special resolutions at the general shareholders' meeting.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
Economy
View the full list of articles- Wage growth rate in the first half of this year is 2.2%...a year-on-year slowdown
- Bank of Korea cuts interest rate for the first time in 38 months...What is the impact of prices and real estate?
- Chey Taewon and So Young are getting married today...first encounter since divorce
- Financial authorities review DSR regulation on charter and policy loans