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Posted: 06 Jan 2014 | 6:00 am
As we come into the New Year it's out with the old, and in with the new.
So goes Thailand's transition from Property Funds to the more globally accepted REIT's.
According to a legal update issued by Baker & McKenzie Thailand, the end of December 2013 was the last day to submit applications from PFPO's (Property Fund Public Offerings).
Going forward property developers in Thailand will need to use the REIT (Real Estate Investment Trust) vehicles.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
Laguna Phuket has become the first Asian destination or integrated resort to attain EarthCheck's Silver certification.
Soneva Resorts and Residences has bagged been declared the winner of the WTTC (World Travel and Tourism Council) Environment category in their global awards.
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