Business NEWS

The public listing of the Philippines’ fourth real estate investment trust (REIT) company amid the lingering pandemic confirms investor optimism in the country’s solid recovery, the government’s chief economic manager said.

After waiting years for the right regulations to be put in place, the country’s top property developers were finally ready to launch their real estate investment trust offerings only to have the party crashed by COVID-19 which ignited so much volatility in the local stock market.

The Department of Finance (DOF) said the growing roster of real estate investment trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic, serving as one catalyst for the country’s quick and strong recovery.

What is a real estate investment trust? An expert answers FAQs.

The current bearish real estate industry in the Philippines is expected to bounce back in the second half this year to early 2022 fueled by the government’s huge infrastructure program and the private sector driven REITs regime.

The Department of Finance (DOF) expects the real estate investment trust (REIT) will help drive the infrastructure modernization and open more business opportunities in the country.

Rizal Commercial Banking Corp. (RCBC) is bullish in its outlook for the local real estate investment trust (REIT) market.

DoubleDragon Properties Corporation has set the initial public offering price of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse, at P2.25 per share. 

The Philippine Stock Exchange, Inc. (PSE) has approved the listing of the P14.7 billion initial public offering (IPO) of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse.