Investment in REITs has become significant in recent years due to the stability and sustainable performance of the investment. A study on the management perspective is very important but this perspective is very limited. Asset management will derive from the profit optimization of the investment. Therefore, it is important to assess asset management strategies to ensure the sustainable performance of the assets. This paper aims to assess asset management strategies among matured REIT companies in developed countries in comparison with Malaysian REIT companies from the perspective of the managers. This research employed qualitative analyses by using content analysis techniques. A total of 41 REIT companies from the United States (US), Japan, Singapore, Australia and Malaysia were assessed. The analyses focused on the similarities and differences between the strategy framework identified in the literature review and the strategies adopted by global REITs and Malaysian REITs under review. The study will enable all REIT stakeholders to become well-informed on global REIT asset management that will derive the maximum profit from the investment. The success of developed countries’ REITs will provide guidelines for Malaysian REITs to adopt the best practice of strategic asset management from REITs in mature markets. Furthermore, this study is one of few papers that have discussed the issue of strategic property investment, particularly focusing on REITs.
Of late, there has been a significant increase in the number of residential properties in Malaysia remaining unsold after repeated sales by auction. This growth in the incidence of what can be termed as problematic auctioned properties gave impetus to a study recently undertaken to investigate the phenomenon. The aim of the study was to gain meaningful insight into the phenomenon by exploring patterns in the spatial distribution of the problematic auctioned properties. The study utilized a dataset of 29,704 residential properties offered for auction over the period of 2005 to 2009 in Selangor and Kuala Lumpur, the two most developed states of Malaysia. With the help of a GIS, spatial patterns were explored and were found to exist in ways that allowed certain interpretations to be made toward understanding what had happened and why. We found certain localities to be more prone to the incidences of problematic properties and, in this paper, offered some explanations why. As the next step forward, we suggest that a model for predicting the incidence of problematic properties be developed.
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