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Hong Kong REITs group launched to raise market awareness

The Hong Kong REITs Association (HKREITA) has called for more promotions in real estate investment trusts. The HKREITA aims to raise awareness and grow and develop the H-REITs market. An online survey of individual investors revealed that less than 10% invested in REITs because the majority polled remains unfamiliar with Hong Kong REITs, which is the major reason for not being interested in the market, although “high dividend payout” was the most attractive reason for those that were interested. Financial Secretary Paul Chan Mo-po said Hong Kong is one of the world's leading fund-raising centres and an important market for REITs in the Asia Pacific region, with the total market value of REITs listed in Hong Kong amounting to HKD210bn at the end of July. The HKREITA was jointly established by Link REIT, Yuexiu REIT, and SF REIT.

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