REAL estate consultancy services firm Lobien Realty Group Inc. is optimistic that the issuance of real estate investment trust (REIT) would drive the property market. During the 11th The Manila Times Business Forum on March 3, Lobien Chief Executive Officer Sheila Lobien said that even small investors are welcome to take part in the REIT market, allowing inclusive growth in the industry. Like its Asian neighbors, Lobien said that it was about time for the Philippines to get involved in the REIT market, whose final guidelines were recently signed. Lobien added that the government’s infrastructure drive would also continue to support the property sector. Proceeds from the transaction should be reinvested in the domestic market — whether real estate or infrastructure — within one year.

Source: Manila Times March 09, 2020 16:07 UTC