Current yield is at a high of 8.77% inclusive of rental support. With current occupancy at 76%, they are working very hard to get people in and increase its occupancy. My estimate is that once it goes above 90%, they won't need rental support anymore.
Price-to-book ratio is at a modest 1.034 which means that we are buying at a 3.4% premium. Not very fantastic considering that some are trading at a discount to NAV. Gearing is also at a high of 41.5%
If I were to buy, it will be because of its high yield which is not easily found in S-REITs. I will consider seriously whether to switch some of my holdings to this.