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Byline: Zoe Phoon
THE real estate investment trust (REIT) industry is expected to see healthy growth with new players such as Pavilion REIT and possibly crossborder REITs entering the market in a year or two.
Sunway REIT Management Sdn Bhd chief executive officer Datuk Jeffrey Ng Tiong Lip expects these developments to bring the Malaysian REIT industry to the next level, also citing clarity of tax policy as another plus point that boosts the industry and attracts more investors.
(Budget 2012 confirmed the REIT industry's importance by extending the withholding tax rate of 10 per cent on dividend received for non-corporate institutional and individual investors.) "Investors should consider including REITs as part of their investment portfolio as they provide steady dividend distribution ... the average yield for REITs in Malaysia as at …