The latest changes that the Capital Markets Board (CMB) has introduced to the Communiqué on Real Estate Investment Companies (REICs) have put these companies in line before the CMB to go public. Initial public offerings (IPOs), which had nearly ground to a halt due to the global financial crisis, seem to be livening up the real estate investment sector thanks to healing signs in the market and the latest amendments to the Communiqué, which soften IPO conditions for REICs.
March 01 2010