Welcome to my investment blog where I share with you my analysis of REITs in Singapore.

I hope that my investment philosophy will bring me a steady stream of income apart from my job. I am aiming for at least $3,000 per month which can sustain the current expenses of myself and my family.

Do enjoy reading my blog and post any comments that you have. I welcome them because it is a time to learn from each other.

When I am looking at investing in REIT, here are some of the guidelines that I am looking at. Feel free to comment on it. I am willing to listen to ideas.

-> at least 8% yield.
-> Price that is lower than its NAV.
-> Low gearing (if possible)
-> High secured NAV.

Current Dividend income is $3,800/month.

Friday, September 10, 2010

GIC unit's $4.02 billion IPO set for Oct 15: Source from TodayOnline


Global Logistic Properties, a real estate unit of the Government of Singapore Investment Corp, is expected to list on the Singapore Exchange on Oct 15 in an initial public offering that could raise up to US$3 billion ($4.02 billion), a person familiar with the transaction said yesterday.

If it goes ahead, the IPO would be the biggest in Singapore since SingTel listed in 1993 and raised $4 billion in three tranches. It would also dwarf CapitaMalls Asia's US$2 billion IPO launched last year.

Investor roadshows for the deal will commence on Sept 23, with pricing expected on Oct 8. The deal is expected to be split into a 95-per-cent global tranche and a 5-per-cent Singapore tranche, the source said.

The proceeds of the IPO will be used to support growth in China and Japan, pay down existing loans and for general working capital purposes, the source said.

A number of other large Singapore IPOs are expected to hit the market in coming months, including a $1 billion IPO planned by Mapletree Industrial Real Estate Investment Trust, a unit linked to Temasek Holdings.

China-based New Century Shipbuilding is also said to be exploring the possibility of a $700 million IPO this year.

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