General S-REITs Discussion Thread

[Dividends Warrior]

"Singapore market is good for one thing, and one thing only - REITs!"

 

[Andrew833]

all M series dividends are less than 5% at this moment and prices are high. thats why i am thinking of getting Reit ETF.

Actually it's depend on your entry price, and you can mix with few 6-7% dividend Reits to average 5%.

 

[Shion]

Office rents to recover back to pre-pandemic levels: Colliers

Office rents to recover back to pre-pandemic levels: Colliers

https://sbr.com.sg/commercial-property/news/office-rents-recover-back-pre-pandemic-levels-colliers

CBD Grade A vacancy of 5.2% to tighten over the next two years on low supply.

The office rental market is heading towards recovery by the end of 2021, according to Colliers International.

Colliers said gross effective rents continue to moderate further by 2.1% QOQ to $9.57 per square foot in Q4 2020 and represent a 5.4% decrease for the full year.

"The prime office market has been relatively resilient considering we went through the deepest recession since independence. Going forward, market dynamics are conducive for a recovery towards end-2021. We forecast CBD Grade A rents to rise 5.5% to $10.09 per sq ft," said Trica Song, head of research for Singapore at Colliers International.

Colliers justified the recovery with several factors. They said new office demand will continue to be driven by the technology sector and overall business recovery.

“Supply levels are benign in 2021-2022, with the average annual expansion at 2.6% of stock versus 4.7% for the last five years. Consequently, the expected positive net absorption should tighten vacancy before the next supply hike in 2023. Finally, redevelopment plans will further reduce the Central Business District's stock,” Song said.

June Chua, executive director and head of tenant representation, said that 2020 was a favourable year for occupiers, providing them with opportunities to renew leases at lower rents, whilst landlords were more willing to negotiate and offer higher incentives.

“There is still a short window of opportunities for Occupiers who want to lock in their leases before rents increase. Larger occupiers should continue rationalising their space requirements and alternatively adopt a flex-and-core or split-office strategy," Chua added.

Meanwhile, the total office or mixed office investment volumes grew more than 10 times QoQ to $10.3b in Q4 2020, driven by the merger of CapitaLand Commercial Trust and CapitaLand Mall Trust, bringing the full year transaction sales volume to $13.2b, up 73% YoY.

 

[Squaredot]

I heard from my friends, Standard chartered bank is giving up its entire space in MBFC. They are being given $1000 to set up home office and work from home. I wish more banks were as open to WFH as them. REITs would fall but we will have much better work life balance, who wants to go by MRT to office everyday?

WFH is good, but not sure if it's gg to be a perm thing. Without the second wave, my company will be calling employees back more often than now 1-2 days a month.

Is MBFC tower 1 under Suntec REIT?

 

[Andrew833]

WFH is good, but not sure if it's gg to be a perm thing. Without the second wave, my company will be calling employers back more often than now 1-2 days a month.

Is MBFC tower 1 under Suntec REIT?

Should be MCT. Long term no worry, always got company want to rent such a good location.

 

[Squaredot]

Should be MCT. Long term no worry, always got company want to rent such a good location.

I hope so got to monitor changing situations too..

 

[revhappy]

Should be MCT. Long term no worry, always got company want to rent such a good location.

I see more and more tech companies like Alibaba coming and taking the CBD space that is being vacated by banks, so it will be short term period of adjustment.

I actually don't think full time office is a good thing. Many employees and employers are realizing that partial wfh is great for productivity. So 50% of time in office and 50% in home is a great balance. That frees up 50% of expensive real estate and saves so much costs for banks.

The Ang Moh banks are already realizing this and are very open. Both Citibank and Standard chartered have told employees they can work from home as long as they want.

The Asian banks have the crappy attitude Asian bosses, who don't care about productivity. But want to see people in the office as they don't trust employees.

 

[vsvs24]

I see more and more tech companies like Alibaba coming and taking the CBD space that is being vacated by banks, so it will be short term period of adjustment.

I actually don't think full time office is a good thing. Many employees and employers are realizing that partial wfh is great for productivity. So 50% of time in office and 50% in home is a great balance. That frees up 50% of expensive real estate and saves so much costs for banks.

The Ang Moh banks are already realizing this and are very open. Both Citibank and Standard chartered have told employees they can work from home as long as they want.

The Asian banks have the crappy attitude Asian bosses, who don't care about productivity. But want to see people in the office as they don't trust employees.

Once Covid-19 is over with this mindset of WFH, they don't even have to set up office in Singapore. If you can WFH, you can work from anywhere.

But as a customer I don't like the WFH. Benefits the staff but the experience is not good for customers.

I called Citibank hotline, there is dog barking and a child crying in the background and I could not hear clearly. The staff apologise and say she is working from home. But she put me on hold so many times and for so long each time, probably because she has to check with her colleagues through other communication means.

I called myinfo hotline and staff say she is working from home and do not have access to the system to check my account status. She has to get her colleague to check and will respond by email in 3 days !

I wanted to go down to the bank to sign documents for an insurance policy. Had to work around the bank staff's schedule because she work from home most days.

People are tolerant now but when this is over, this kind of excuse is not acceptable.

 

[revhappy]

Once Covid-19 is over with this mindset of WFH, they don't even have to set up office in Singapore. If you can WFH, you can work from anywhere.

But as a customer I don't like the WFH. Benefits the staff but the experience is not good for customers.

Not all jobs can be done from home. Customer facing jobs, I agree are different. If you dont have a proper home office setup, then it is not possible. But lot of tech jobs can be done from home. Majority of banking jobs are tech jobs.

I also dont 100% agree that WFH means outsourcing. Talent has a cost. You wont get the same quality of talent to work for you from India or Manila, that you will get in Singapore. In India or Manila there is so much competition for talent, people dont take any ****, they just quit and disappear if you even talk to them slightly rudely. The Asian bosses know this. In Singapore job market is so small, people have no choice and will take crap from their bosses and just keep working.

 

[revhappy]

SCB is giving up space in Hong Kong also. When will the Shitty Asian bosses learn?

https://www.scmp.com/business/artic...-floors-hong-kong-headquarters-amid-work-home

 

[5408854088]

EIGHT out of the 43 Reits and property trusts listed in Singapore (S-Reits) are classified as retail S-Reits. Retail S-Reits own and manage retail real estate, including shopping malls, outlet malls and grocery-anchored strip malls among others. These eight have a combined market capitalisation of close to S$1.3 billion and an average dividend yield of 6.6 per cent.

In terms of asset portfolio, the eight retail S-Reits are geographically diversified across Singapore, China, Malaysia, Indonesia, Japan, Australia and the United States. A detailed geographical breakdown of eight retail S-Reits can be found in the table.

https://www.businesstimes.com.sg/co...s-reits-see-gradual-recovery-in-tenants-sales

 

[MrHighlander]

I bought some CLR

Feel not great when seeing US markets easily rising higher and higher

 

[xun567]

I bought some CLR

Feel not great when seeing US markets easily rising higher and higher

Yeah same feeling. Have been allocating more to US stocks, giving up on SG stocks already..

 

[yumsang]

quite a few oversold or near oversold ... huat time coming?

 

[DevilPlate]

quite a few oversold or near oversold ... huat time coming?

Imho, watch out for 10yr and 30yr treasury bond yield.

 

[revhappy]

Imho, watch out for 10yr and 30yr treasury bond yield.

Powel going to talk tomorrow. Surely he will clamp down on the yields.

 

[yumsang]

Imho, watch out for 10yr and 30yr treasury bond yield.

interesting if market yearly crash 30% and even more interesting if after another usd1.9trillion release ... interest rate near 0% and QE not working ...

will try to run before end of Feb

 

[DevilPlate]

interesting if market yearly crash 30% and even more interesting if after another usd1.9trillion release ... interest rate near 0% and QE not working ...

will try to run before end of Feb

This time round is 1.9T fiscal package and basically throw $$ directly into citizen's pocket and US is big spender (Buy goods, stocks, crypto...everything haha)

So, I think this year still gona be a good year with SP500 10-12% increase by EOY.
Bubble just gona be bigger and bigger

 

[MrHighlander]

Why Singapore REITs keep dropping?

 

[dexboi]

Distribution over already. Wait for Q2-2021.