Feasibility study: the implementation of Real Estate Investment Trust (REIT) in Hong Kong.

• Other Authors: Cheng, Ngai Fai.
• Format: Others
• Language: English
• Published: Chinese University of Hong Kong 1997
• Subjects: Real estate investment trusts; Real estate investment trusts > China > Hong Kong
• Online Access: http://library.cuhk.edu.hk/record=b5889005; http://repository.lib.cuhk.edu.hk/en/item/cuhk-321765

by Cheng Ngai Fai, Tong Wai Kin, Kenneth. === Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. === Includes bibliographical references (leaf 50). === Chapter 1. --- INTRODUCTION --- p.1 === Chapter 2. --- OBJECTIVES --- p.4 === Chapter 3. --- LITERATURE REVIEW --- p.6 === Overview of REITs --- p.6 === The Current Market of REIT --- p.8 === Regulations Imposed on REITs --- p.10 === Performance of the REITs --- p.12 === Key Success Factors and Marketability of REITs --- p.14 === Avoid Double Taxation --- p.14 === Current Income --- p.15 === High Liquidity --- p.15 === Professional Management --- p.16 === Portfolio Diversification --- p.16 === Performance Monitoring --- p.17 === Inflationary Hedge --- p.18 === Attraction of REITs to Pension Investors --- p.19 === REIT Dependence on Capital Markets --- p.20 === Who Will Supply the Capital --- p.21 === Four Basic Investment Methods --- p.23 === Real Estate Analysis --- p.24 === Chapter 4. --- HONG KONG ECONOMIC AND FINANCIAL ENVIRONMENT --- p.25 === General Economy --- p.25 === Hong Kong Stock Market --- p.28 === Hong Kong Debt Market --- p.30 === Hong Kong Property Market --- p.32 === Chapter 5. --- ANALYSIS --- p.35 === Hong Kong Stock Market --- p.35 === Simulation of REIT in Hong Kong --- p.39 === Chapter 6. --- DISCUSSION --- p.43 === Internal Rate of Returns --- p.43 === Risks and Returns --- p.44 === Limitations on Our Studies --- p.45 === Conclusions --- p.45 === APPENDIX --- p.47 === BIBLIOGRAPHY --- p.52