| Summary: | 碩士 === 淡江大學 === 財務金融學系 === 87 === The implementation of the securitization of real estate can combine the real estate market with the capital market and channel idle money effectively to facilitate the development of land or infrastructure . It not only improves distressed government finance but also contributes to the soundness of capital market. As we have learned from the experiences of developed countries, the securitization of real estate can success only when the related systems and domestic regulations are properly developed. According to recent studies, real estate investment trust (REIT) gains priority in securitization of real estate in Taiwan. Therefore, this thesis attempts to study the possible supportive systems in which certain institutions and professionals contribute to the success of the implementation of REIT.
In view of the formation and operation of REIT, the supportive systems include sponsors, fund’s depository institutions, underwriters, brokers, credit rating institutions, certified public accountants, lawyers, advisors, agents of registered land, and systems of the real estate appraisal.
The presently related institutions of security investment trust can offer sufficient professionals to assist the future implementation of REIT. This contributes an important part of the supportive systems. What is also indispensable within the supportive systems is that rating institutions and systems of the real estate appraisal also needed to be established, and advisors of real estate to be fostered.
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