Property market starting to come back into favour

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After being out of favour for almost a decade, the property market should be boosted by the arrival ...

After being out of favour for almost a decade, the property market should be boosted by the arrival of real estate investment trusts on the Tokyo Stock Exchange. The exchange is eager to have its new venture up and running as quickly as possible and is looking to commence trading as early as January 2000. No trusts are yet in existence and those being formed will be run by existing Japanese property companies. Scott McGlashan, head of the Japanese equities at Perpetual, says he would be surprised if they are up and running by January or February 2000. However, he thinks the project should...

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