THE revised guidelines on Real Estate Investment Trust (REIT) in the Philippines have given investment sentiment for the property sector a much-needed boost, with the office segment seen as the most attractive asset class, according to real estate services and consultancy firm JLL Philippines.

In its latest research, “Philippine Real Estate Investment Trust: A Bright Spot in the Next Normal,” JLL says the REIT market in the country was very timely and could play a key role in jump-starting the economy from the adverse effects of the coronavirus disease 2019 (Covid-19) pandemic.