Gark.. THANK YOU for highlighting the RHT drop.

i sold some .83.. hahaha.

more than 8% return in a day.

Still keeping some to sell later. Better i take 8% first than wait the whole year for div.

yeap. Thanks.

What u think of SOILBUILD. I Already divested earlier.

at .645.. now yield 9%+.

is it sustainable..?

Great analysis, adding more info.

Soilbuild have relatively large concentration to OnG properties and occupancy is coming down every Q.

Viva occupancy is improving (although at snail pace) every quarter. Also new property with 7 years triple net master lease starting in 2017. Rental guarantee from sponsor for Jackson and UE Bizhub will be expiring in 2019 and 2018 (be careful of these dates IF viva cannot fully rent out these properties).

The 7 years triple net master lease is the "6 Chin Bee Asset", already 100% leased out, acquisition completed end 2016.

For Jackson Square and UE Bizhub, it is not master lease, but come with rental support by sponsor (ie guaranteed 100% occupancy) until 2019 and 2018.

Currently Jackson Square is 91% occupied but McDermott (31% of lease) is vacating in April 2017, partially replaced by Foxconn at 8% of lease. Anyway rental is protected until 2019. Total 17 tenants.

UEBizhub East is currently 89% occupied. Total 31 tenants. Rental support until 2018.

Viva Business Park however still have low occupancy, and now AEI completed, we see a uptick in occupancy. 73% occupied, 84 tenants.

If Viva can continue to drive occupancy to VBP, they can raise dividends. Other properties is master leased. They claim to have positive rental revision of +5.6% in 2016, most probably due to their very cheap rental vs new AEI at VBP.

One red flag: VBP remaining land lease is only 14.5 years and Jackson Square is 12.4 years.

hehe - similar feeling & thinking here too, either "too high"/low value stocks/ETFs or just bad forex impact if bought now.
I've not been sitting on so much % waiting to be deployed since 2006/2007.
Hm.. may be a good thing? 

That's due to fed hike(if you're talking about Dec last year). Wait for another batch of sale if you think too expensive then.

Ya same here my cash % has never been so high.

I comfort myself holding cash now earning almost 0% return is better than -ve return (if market suddenly drop)

Ya...since trump and fed hike, the before and after :

KLCI 16xx --> 17xx

STI 27xx --> 31xx

DJI 17,8xx --> 20,6xx

ASX200 51xx --> 58xx

Have to wait now for major news, or some stupid trump action 

Sold off all my Mreits de.. and exchanged most of it into Sreits already.. 

Master lease building on 'Loyang Way'. Technics declared bankruptcy and went to recievership in mid 2016 and defaulted on the rental payment. In turn Soilbuild initiated court order to seize the security deposit ($11.9 million) and property with lease terminated on 9th December 2016.

The security deposit after paying on defaulted rent and other costs, is now left with $3.9 million (to be paid as ongoing rental) and is expect to last until April-May 2017.

https://www.reitsweek.com/2016/12/soilbuild...loyang-way.html

Ah Yes...thanks for the reminder.  Technics Offshore.

gark, Hansel Just wondering since USD is more or less stagnant (being "pegged"), wouldn't it be cheaper to get SGD by going the following route RM > USD > SGD instead of straight RM > SGD?

More dangerous is the valuation effect..

Once a property have loss it master lease (in this case 21 years outstanding), the building valuation will come down drastically. Once the valuation comes down, the gearing ratio will be bumped up as asset price fall. If the gearing ratio hits a fund internal limits, they will have no choice but to do rights issue to raise funds.

Thus begin the death spiral (like sabana) ...

Sorry for asking silly questions.

I understand that before buying SGX shares or S-REITs, I need to have a trading account, such as a DBS Vickers trading account.

For that, I want to apply for a DBS Vickers online trading account.

What I have now is a POSB saving account (with access to DBS iBanking website), and CDP account.

1. I realize that inside DBS iBanking website, I can apply for DBS Vickers online trading account. In the online application page, one question is asked, namely: "Is Singapore your sole country of tax residence?". I should press "No", right? Then, I shall upload a scanned image of my Malaysian Identification Card, crossed with the words of "for opening only DBS Vickers online trading account".

2. There are 2 types of Cash Upfront Accounts from DBS Vickers. Which one should I choose?
Cash Upfront Account (http://www.dbs.com.sg/vickers/en/accounts/types-of-account/cash-upfront-account)
Cash Account (Online) (http://www.dbs.com.sg/vickers/en/accounts/types-of-account/cash-account) 

Thank you for your information. 

1. Yeah you can apply online or you can apply in person.
2. Up to you. Cash upfront (CU) have lower brokerage fees (now it's SGD10/0.12% whichever is higher w SGD5 rebate/transaction. Normall it's SGD18/0.18%  whichever is higher). CU is practically a basic account. You don't have fancy feature like all or none, limited for the day. If you are using CU, you need to put money inside before you can buy.
Cash account (CA) is cost is SGD25/0.25% per trade. I think right now, CA also have SGD5 rebate/transaction. With CA, you can buy first and pay later/plenty of features.

Both account will deposit your purchase with CDP.

For me I am only using CU and will not use CA at all. Why?
1) Cheaper brokerage fees
2) Same only (both deposit your shares into CDP)
3) I rather buy something with the money I have then buy first pay later.

However, I am planning to move to Maybank KE as their brokerage fees for CU is only SGD10/0.18% whichever is higher vs DBS V at SGD18. My trades all does not exceed the min SGD18 so Maybank would be the better choice for me in the long run. However keep in mind that Maybank KE does not deposit your share into CDP (you can request and pay a fee)
See the differences here http://fifthperson.com/nominee-vs-personal...hich-is-better/

Singapore-listed Parkway Life REIT has acquired four nursing homes, and one specialised home for elderly dementia patients in Japan, for JPY4,759 million (USD42 million, or SGD59.5 million).

The properties, which are partly funded with proceeds from a divestment in 4Q 2016 as part of the REIT’s effort to recycle assets, were acquired from Marubeni Corporation, UBI Kabushiki Kaisha and UBI Capital Kabushiki Kaisha.

Three of the facilities are located in the Chiba prefecture, while the other two are located in Kudamatsu City.

The properties have been acquired at approximately 9.1% discount to valuation, and are expected to generate a net property yield of 6.9%, said the REIT.

Good REIT, good management, but too little yield.. 

The management has done a good job, in fact the REIT has posted non stop DPU increase for many years..but still the yield is too low for my appetite. 

This type of REIT you need mkt reversal to buy.   

Not just a technical reversal, but a fundamental reversal. 
I have bought manya fundamentally strong shares which were sold off with the general market. 
Resultant being reaping 10 to 15% yields on costs

Considering the limited bullets that I m having now and despite of the background of the said counter, I would consider other Sg reits or venture into ASX market. I believe I should try somethg different for 2017. 2016 was a great year for me going into Sgx and now I wish to build a steady regular income by venturing into ASX markets. Besides that 2017 is a year where I m harvesting divvy for Sgx reits I invested.

Take small steps at a time. Don't be greed. that s an advise given by someone whom I choose to trust in.

There is witholding tax for LSE. 30% reducible to 15%

Well for Sifu Hansel, he perfer shares to be CDP because he wants to attend their AGM. For me, I don't really care about the AGM as long as the counter is performing, don't really want to look at it.

No. If buy via DBS V CU, you cannot sell through Maybank KE Trade Prefunded Account. You will have to have Maybank KE Cash account, link it to CDP then you can only sell using Cash account incurring SGD25/0.25% commission.

For nominee account, you can attend agm. Before the agm, just contact your trading rep to fill in a proxy form for you and submit. Then you can attend the agm as shareholder.

The shares held inside a nominee account is kept in a seperate benefit account and not lumped together. Unless you give permission, the broker cannot touch or misuse it. Eveb if the brokerage company bankrupt, debtors cannot touch those assets by law.