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dc.contributor.advisorJohn Riordan.en_US
dc.contributor.authorNgen, Angelina Mei Hwei, 1973-en_US
dc.contributor.otherMassachusetts Institute of Technology. Dept. of Urban Studies and Planning.en_US
dc.coverage.spatiala-si---en_US
dc.date.accessioned2006-03-29T18:26:15Z
dc.date.available2006-03-29T18:26:15Z
dc.date.copyright2002en_US
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/32231
dc.descriptionThesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2002.en_US
dc.descriptionIncludes bibliographical references (leaves 56-58).en_US
dc.description.abstractIn an attempt to determine whether there is a business case for the establishment of a Real Estate Investment Trust in Singapore(SREIT), we analyzed the market fundamentals and the regulatory framework governing the SREIT. A case study on the failure of the first SREIT offering is also presented with the aim of examining the prospects of SREITs going forward. We found that there is a viable business case for REITs in Singapore. On the supply side, there is a strong impetus for real estate owners to divest their properties after the Asian Economic Crisis due to the capital intensive and low return nature of these assets. On the demand side, there is clear investor demand for yield based investment instruments like SREIT given the significant amount of investible funds from the Central Provident Fund and retail deposits. Except for the lack of full tax transparency, the SREIT regulatory framework is largely in line with international best practices. On the failure of the first SREIT offering, we found that the key factors contributing to the failure were specific to the trust itself and had little to do with the broader market conditions like supply, demand and regulation.en_US
dc.description.statementofresponsibilityby Angelina Mei Hwei Ngen.en_US
dc.format.extent72 leavesen_US
dc.format.extent3711667 bytes
dc.format.extent3717786 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/pdf
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsM.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582
dc.subjectUrban Studies and Planning.en_US
dc.titleIs there a business case for REITs in Singaporeen_US
dc.title.alternativeIs there a business case for real estate investment trusts in Singaporeen_US
dc.typeThesisen_US
dc.description.degreeS.M.en_US
dc.contributor.departmentMassachusetts Institute of Technology. Dept. of Urban Studies and Planning.en_US
dc.identifier.oclc51891184en_US


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