In the period before 2001, Asia had merely 4 property trust funds listed on the Bursa Malaysia, and now, a mere six years later, Asia has a total of 68 REITs or REIT-like vehicles have been listed.

Along with the rapid emergence of Asia real estate investment trust, the regulatory environment is also evolving continuously to provide greater support to market development, a process that is driven by demand as well as competition between countries to attract institutional investors and sponsors.

An important segment of facility management services – managing property in Asia represents the effectively organizing property by providing required services to owners, tenants, and other relevant people. The prime goal of managing a property is to ensure long term sustainability of asset value. One of the prime benefits of property management is that it helps to preserve the investment value of the building. It also helps to improve the quality of the property. Further, a great benefit of managing property is that it enables to make the property environmentally-friendly.

Managing property in Asia is categorized into three levels: basic property management, level 2 property management, and full property management. Included in the basic level are fundamental services such as repairs and maintenance. Level 2 covers a continuum of services such as accounting procedures, repair and maintenance works, and other related services.