REITs will change the landscape quite a fair bit for several companies with income-recurring assets on hand, the ability to leverage (something which property funds can only do up to 10%) will allow firms like Ticon and CPN amongst several others to further expand without requiring an equity increase. But the delay has been in regards to the transfer tax and withholding taxes on dividends.

REITs are set to replace property funds from next Jan 1, but the tax issue has raised concerns about a lukewarm welcome from investors.

Source: Bangkok Post