In the most recent Federal Open Market Committee (FOMC) meeting on 15th June 2022, the US Federal Reserve (Fed) raised interest rates by 75 basis points (bps) to 1.50% after a shocking CPI data was released on the previous Friday, showing that inflation surged by 8.6% on a YoY basis. This quickly led to investors … Read more
Frasers Hospitality Trust (FHT) is a REIT with 14 properties and 9 cities with a portfolio value of S$2.0 billion. FHT approached its sponsor Frasers Property Limited (FPL) for a proposal to optimise value for its unitholders, and FPL has provided an offer of S$0.70 in cash to privatise FHT. The offer is at a … Read more
The official retirement age in Singapore is 62. According to a study by the Lee Kuan Yew School of Public Policy, you’ll need S$1,379 per month(before inflation) to meet your basic needs as a senior in Singapore. As of 2020, Singstat reported that the average lifespan of Singaporeans is 84 years old. This means you’ll … Read more
Here’s the video if you prefer to watch, else read on to find out more about the Offer. The offer for SPH REIT is finally here after Cuscaden, a consortium comprising Mapletree with a 30% stake, Ong Beng Seng’s Hotel Properties Limited with 40% and a privatised Capitaland’s unit with 30% stake concluded the acquisition … Read more
Ascendas REIT (SGX: A17U), now CapitaLand Ascendas REIT (CLAR) is Singapore’s first and largest listed business space and industrial real estate investment trust with a market cap of S$12.1 Billion. Amid the pandemic last year, CapitaLand Ascendas REIT has performed well due to its resilient position in logistics and data centres. Nonetheless, with the pandemic ending, … Read more