General S-REITs Discussion Thread

[Perisher]

CMT has Bedok Mall in the pipeline.

I see you still following your ex... haha.

 

[Dividends Warrior]

I see you still following your ex... haha.

Yup. I am managing my mom's portfolio now.

 

[dloreangel]

Was hoping some good quality REITS will dip and I can buy to enhance and diversify my Singapore holdings.

 

[felixleong]

S-REITs Sector

Three out of four tax incentives extended during Budget 2015

During the Budget 2015 speech by Finance Minister Tharman Shanmugaratnam, it was announced that the package of income tax concessions for REITs, which was originally scheduled to lapse on 31 Mar 2015, will be extended until 31 Mar 2020. These include the concessionary income tax rate of 10% for qualifying foreign non-individual investors and tax exemption on qualifying foreign-sourced income for listed REITs. The GST concessions for REITs (also scheduled to lapse on 31 Mar 2015) have also been extended for another five years. In addition, GST concessions will be further enhanced to facilitate fundraising by special purpose vehicles set up by REITs. This move highlights the Government’s intention to support the listing of REITs in Singapore by keeping its tax regime competitive. However, the stamp duty concession will be allowed to lapse after 31 Mar 2015. This implies that REITs acquiring properties in Singapore will now have to pay stamp duties of ~3% after the expiry of the concession. While this will cause acquisition costs to be higher and make accretive acquisitions harder to find, we believe it will not have a significant impact on the sector. REITs with 100% exposure to Singapore include CapitaMall Trust (CMT),

Frasers Centrepoint Trust (FCT), Mapletree Industrial Trust,

CapitaCommercial Trust, Far East Hospitality Trust, OUE Hospitality Trust, Soilbuild REIT and SPH REIT.

Another proposed change which would impact the S-REITs sector is the deferment of the previously announced levy increases (previously scheduled to take effect on 1 Jul 2015) by one year for both S Pass and Work Permit Holders. This would be applied to all sectors, with further adjustments made to the Manufacturing and Construction Sectors. We view this as a positive for the retail, hospitality and industrial REITs sub-sectors, as it will help to mitigate some cost pressures for their tenants.

 

[Dividends Warrior]

PLife REIT starting to fly!

 

[dork32]

PLife REIT starting to fly!

almost every reits also make some gain today.

 

[eveee99]

PLife REIT starting to fly!

Do you regret selling your reits? Cos your entry prices were still very gd leh .....

 

[Dividends Warrior]

Do you regret selling your reits? Cos your entry prices were still very gd leh .....

No regrets so far because my tuition business is giving me much better returns.

 

[felixleong]

No regrets so far because my tuition business is giving me much better returns.

maybe u should change nick to TuitionWarrior lol

 

[makeupconnect]

The Budget and Janet Yellen is giving the S Reits some boost!

 

[doody_]

No regrets so far because my tuition business is giving me much better returns.

I would gladly invest in a business rather than stocks, the returns should be much better. 7-10% for a business is really poor

 

[felixleong]

I would gladly invest in a business rather than stocks, the returns should be much better. 7-10% for a business is really poor

invest in business usually much higher returns but also higher risk too

I last time got friend go into subway and ya kun franchise, I was interested to join but didnt had enough capital

average PBP (pay back period) is around 2.5-3 years only

meaning if you put 200k to open a store, 2.5-3 years u get back your capital liao (provided no screw ups and business is good)

as compared to stocks... if make 10% returns annual, need around 7 years to get back $$$, much longer

cheers

 

[felixleong]

5-Year Tax Breaks for REITs and How They Offer a Steady Income Stream for Investors - The Fifth Person

 

[Bedokian]

IREIT Global had declared dividends on 27 Feb 2015 but it is not reflected as "CD" on the SGX page.

Edit - finally appeared.

 

[tiny]

Anchor tenant says goodbye

Cold Storage to close at Centrepoint - Channel NewsAsia

 

[felixleong]

Soilbuild REIT: Agreement with JTC on rent payable for Solaris
Soilbuild Business Space REIT (Soilbuild REIT) announced that it has entered into an agreement with JTC in relation to the dispute over the land rent payable to the latter for the Solaris property. Under the agreement, the parties have agreed on the conversion of the annual land rental payment scheme under the lease of the property to an upfront land premium payment scheme, which works out to be S$74m. SB Solaris, the master lessee of the property, has agreed to bear S$19m of the upfront land premium, while Soilbuild REIT will bear the remaining S$55m. SB Solaris, which is a wholly owned subsidiary of Soilbuild REIT’s sponsor, has also agreed to extend an interest-free loan of S$55m to Soilbuild REIT in demonstration of its sponsor’s support. This loan would be repaid on the expiry of the master lease agreement on 15 Aug 2018. On a pro forma basis, this development is not expected to have an impact on Soilbuild REIT’s FY14 DPU given that the loan is interest free. Maintain our BUY rating and S$0.93 fair value on Soilbuild REIT. (Wong Teck Ching Andy)

 

[felixleong]

jin EMO~

CMT drop to 2.08 liao

yesterday got 2.16 I greedy never sell, i when to queue at 2.20.. haizzzz

 

[Tornesoul]

Soilbuild REIT: Agreement with JTC on rent payable for Solaris
Soilbuild Business Space REIT (Soilbuild REIT) announced that it has entered into an agreement with JTC in relation to the dispute over the land rent payable to the latter for the Solaris property. Under the agreement, the parties have agreed on the conversion of the annual land rental payment scheme under the lease of the property to an upfront land premium payment scheme, which works out to be S$74m. SB Solaris, the master lessee of the property, has agreed to bear S$19m of the upfront land premium, while Soilbuild REIT will bear the remaining S$55m. SB Solaris, which is a wholly owned subsidiary of Soilbuild REIT’s sponsor, has also agreed to extend an interest-free loan of S$55m to Soilbuild REIT in demonstration of its sponsor’s support. This loan would be repaid on the expiry of the master lease agreement on 15 Aug 2018. On a pro forma basis, this development is not expected to have an impact on Soilbuild REIT’s FY14 DPU given that the loan is interest free. Maintain our BUY rating and S$0.93 fair value on Soilbuild REIT. (Wong Teck Ching Andy)

Thanks for the info felix. Having some trouble understanding this though.

"conversion of the annual land rental payment scheme under the lease of the property to an upfront land premium payment scheme" are they buying the land or?

 

[felixleong]

Thanks for the info felix. Having some trouble understanding this though.

"conversion of the annual land rental payment scheme under the lease of the property to an upfront land premium payment scheme" are they buying the land or?

They already bought the property, it was before the ipo, but soil build cock up on the fine details hence they owe $$ to JTC, and this is the payment... If not JTC will file lawsuit against them

 

[felixleong]

Anchor tenant says goodbye

Cold Storage to close at Centrepoint - Channel NewsAsia

Cold Storage to close at Centrepoint - Channel NewsAsia

“We value your shopping with us here and look forward to serving you at our stores," the management of Cold Storage Centrepoint said.

Another key tenant, Marks and Spencer, is exiting Centrepoint on Mar 29.

wahhh damn jialat... all the big tenants running away... what happening sia

not vested