Yield is at 5.58% which is quite comparable to its peers like Mapletree Commercial Trust, CapitaMall and Starhill Global REIT. It is a premium REIT which price-to-book ratio at 1.009. Gearing is healthy at 28.4% with a secured NAV of $0.228 (25%). Their loans are secured by Paragon so Clementi Mall is unencumbered.
To me, its yield is very low, way below my target of 8%. Plus I am not really keen to buy a premium REIT meaning I am not willing to pay more for an asset.
Nevertheless, I will wait for the final pricing and see whether it is priced at the top end. If it is priced at the top end, I will subscribe. Anything less than that, I will let this go.