Author : Joseph Chun
Publisher :
Page : 33 pages
File Size : 46,61 MB
Release : 2016
Category :
ISBN :
This article is a first attempt at systematically considering the environmental impact of the real estate investment trust (REIT) legal framework in Singapore. Its aim is modest; to explore the effect of the rules regulating REITs on the behaviour of REIT managers, and in particular, whether these rules are likely to induce environmentally friendly real estate investment strategies in respect of the management of REITs. I begin with an overview of the existing regulatory framework for promoting green property management. These set the mandatory minimum requirements for selected aspects of a property's environmental performance that REIT managers must comply with. I follow with an examination of selected aspects of the regulatory and private legal framework in which REITs operate, and argue that it has the likely effect of deterring REIT managers from pursuing green property management. As such, there may be a need to consider measures to counteract these presumably unintended potential adverse environmental effects.