MANILA -- The first year of loosened regulations on real estate investment trusts in the Philippines has brought one successful listing but little of the foreign capital that the government had hoped to attract.
Property
Philippines' young REIT market snubbed by foreign investors
But Ayala-backed maiden trust manages solid showing in initial year
DD Meridian Park in Manila. The property is in the portfolio of DoubleDragon Properties' REIT set to launch March 19. (Photo by Jun Endo)
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