13-03-2014, 05:23 PM
(13-03-2014, 05:16 PM)Nick Wrote: Just wondering - most of the properties held by HK REITs have underlying land lease expiring by 2047. Any idea whether are they allowed to renew the leases and if so will it be done at a low cost (like in Indonesia) ? If not, the 6% yield is hardly attractive since the Trust NAV will be worthless by 2047.
It seems like nobody has the answers to this but it is expected that the prc govt will allow renewal of the lease, perhaps at some token amount