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 Singapore REITS, S-REITS

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jjsia
post Oct 1 2012, 10:20 AM

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QUOTE(Anic @ Sep 30 2012, 08:59 AM)
For DBS, I open a DBS Saving Plus account.  I just brought my passport, IC and SGD.    At that time, it was ok as the ac min balance was SGD500 and if below, there is a fee of SGD2 per month but now, looks like they have revised the min deposit to SGD5000 sad.gif:
  http://www.dbs.com.sg/personal/deposit/sav...gners/fees.page?
I also looked at Standard Chartered Bank and their Esaver account is pretty good.    No min deposit/balance, no monthly fees.
In addition, I have heard that if one TT from their Malaysia Standard Chartered Bank account to their Sing Standard Chartered Bank account, there are no charges.  I have not tried this myself.

http://www.standardchartered.com.sg/person...ver-account/en/

From their website:
  High Interest Rates
  No lock-in period
  No monthly fees
  No minimum deposit
  No minimum balance
  No fixed term
  No hardcopy statements to file
  No ATM cards, passbooks or cheque books to lose
I think when you choose a bank,  other than considering the bank fees/min balance, it is important that they are one of the below banks (maybe these are all the banks in Sing? smile.gif  I have no idea):
For Uob Kay Hian, to open an account, you need your IC & Income statements:
  http://www.uobkayhian.com.sg/page/site/pub...copenSGXfr.html

If you don't have a CDP account, they will do it for you too.    In Singapore, only 1 CDS account...  not like in Malaysia.  1 CDS account for each broker..  pensang. 

Anyway, found this useful thread:
http://forums.hardwarezone.com.sg/stocks-s...-a-3628498.html

Hope this help.


Added on September 30, 2012, 9:03 am
Thanks for the alert...  smile.gif

I like to check out comparison table in this blog  http://mystocksinvesting.com/:
user posted imagehttp://mystocksinvesting.com/wp-content/uploads/2012/09/Singapore-undervalued-REIT-stock-comparison-5-Sep-2012.png
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Thank you. Standard chartered eAccount looks interesting. thumbup.gif Now, contemplating which broker/investment bank should i choose. hmm.gif

wodenus
post Oct 1 2012, 05:00 PM

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What about interest rate risk? in the end you will be spending RM not SGD.
jjsia
post Oct 1 2012, 05:01 PM

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QUOTE(wodenus @ Oct 1 2012, 05:00 PM)
What about interest rate risk? in the end you will be spending RM not SGD.
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I think u meant currency risk.
Dividend Warrior
post Oct 1 2012, 06:28 PM

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QUOTE(wodenus @ Oct 1 2012, 05:00 PM)
What about interest rate risk? in the end you will be spending RM not SGD.
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U mean forex risk. tongue.gif
wodenus
post Oct 1 2012, 08:21 PM

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LOL whatever you call it.. it's the same thing smile.gif

jjsia
post Oct 1 2012, 08:54 PM

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QUOTE(wodenus @ Oct 1 2012, 08:21 PM)
LOL whatever you call it.. it's the same thing smile.gif
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Erm, nope. rclxub.gif Interest rate risk and currency risk are too totally different risks. Google it to find out more.
Anic
post Oct 1 2012, 09:15 PM

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QUOTE(wodenus @ Oct 1 2012, 05:00 PM)
What about interest rate risk? in the end you will be spending RM not SGD.
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I think it depends on how soon you need to spend the RM...

I am not concerned about interest rate risk/currency risk/forex risk (whatever it is.. smile.gif)
1) I am in for longer period and the money is for retirement.. smile.gif
2) I have only seen SGD getting more expensive to buy and haven't seen it become cheaper yet... Is there a possibility of the trend will reverse? smile.gif I doubt it but I can't say there is zero risk...

QUOTE(jjsia @ Oct 1 2012, 10:20 AM)
Thank you. Standard chartered eAccount looks interesting.  thumbup.gif Now, contemplating which broker/investment bank should i choose.  hmm.gif
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Let us know which one you choose.. smile.gif

This post has been edited by Anic: Oct 1 2012, 09:16 PM
wodenus
post Oct 1 2012, 09:22 PM

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QUOTE(jjsia @ Oct 1 2012, 08:54 PM)
Erm, nope.  rclxub.gif  Interest rate risk and currency risk are too totally different risks. Google it to find out more.
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This post has been edited by wodenus: Oct 1 2012, 09:27 PM
TSprophetjul
post Oct 2 2012, 08:10 AM

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QUOTE(Anic @ Oct 1 2012, 09:15 PM)
I think it depends on how soon you need to spend the RM...

I am not concerned about interest rate risk/currency risk/forex risk (whatever it is.. smile.gif)
1) I am in for longer period and the money is for retirement..  smile.gif 
2) I have only seen SGD getting more expensive to buy and haven't seen it become cheaper yet...    Is there a possibility of the trend will reverse?  smile.gif  I doubt it but I can't say there is zero risk...
This.

Do you see the trend of SGD vs MYR reversing anytime soon.....not for me.

If anything, we should see SGD=3MYR pretty soon. nod.gif
Anic
post Oct 2 2012, 11:49 AM

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QUOTE(prophetjul @ Oct 2 2012, 08:10 AM)
This.

Do you see the trend of SGD vs MYR reversing anytime soon.....not for me.

If anything, we should see SGD=3MYR pretty soon.  nod.gif
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I have to buy some more Singapore dollar.. smile.gif
cwhong
post Oct 2 2012, 01:14 PM

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QUOTE(prophetjul @ Oct 2 2012, 08:10 AM)
This.

Do you see the trend of SGD vs MYR reversing anytime soon.....not for me.

If anything, we should see SGD=3MYR pretty soon.  nod.gif
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not so soon lah .... in 5 years time is possible if our Gov still dun wanna wake up ...... but good for exporting biz (commodities and raw materials) so that we stay at competitive range..... but who like to travel a lots is different story lah ...... so either side can be negative or positive to our country ...... what am i talking hmm.gif doh.gif
TSprophetjul
post Oct 2 2012, 01:27 PM

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QUOTE(cwhong @ Oct 2 2012, 01:14 PM)
not so soon lah .... in 5 years time is possible if our Gov still dun wanna wake up ...... but good for exporting biz (commodities and raw materials) so that we stay at competitive range..... but who like to travel a lots is different story lah ...... so either side can be negative or positive to our country ...... what am i talking  hmm.gif  doh.gif
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5 years is pretty SOON? Dontchathink? biggrin.gif

Considering in 1970, twas 1=1, 2012 is 1=2.5, 2017 = 3 ?????? brows.gif


Added on October 2, 2012, 1:27 pmWhen i invested SREITs early this year, twas 1 = 2.42............ hmmmmm


Added on October 2, 2012, 2:59 pmLooking at the online trading brokerage between UOB and SC, seems SC fees are cheaper.



This post has been edited by prophetjul: Oct 2 2012, 02:59 PM
Anic
post Oct 2 2012, 05:02 PM

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QUOTE(prophetjul @ Oct 2 2012, 01:27 PM)

Added on October 2, 2012, 2:59 pmLooking at the online trading brokerage between UOB and SC, seems SC fees are cheaper.
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For those who are interested with SC, worth reading this post:
http://help-your-money.blogspot.com/2011/0...ine-shares.html

TSprophetjul
post Oct 3 2012, 07:44 AM

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QUOTE(Anic @ Oct 2 2012, 05:02 PM)
For those who are interested with SC, worth reading this post:
http://help-your-money.blogspot.com/2011/0...ine-shares.html
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Thanks anic.

Thanks for the link!
ITS VERY helpful! thumbup.gif

On the opening of accounts in Singapore, do you just open over the counter?

ie with all your documents and $$$$?

No problem for Msian opening a bank account?

As i understand, local Msian banks do not allow funds transfer to a Sing account held by a Malaysian Citizen.
Can anyone verify that?

TIA

This post has been edited by prophetjul: Oct 3 2012, 09:47 AM
Anic
post Oct 3 2012, 06:21 PM

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QUOTE(prophetjul @ Oct 3 2012, 07:44 AM)
Thanks anic.

Thanks for the link!
ITS VERY helpful!  thumbup.gif
Glad that it helps.. smile.gif

QUOTE
On the opening of accounts in Singapore, do you just open over the counter?

ie with all your documents and $$$$?

No problem for Msian opening a bank account?
Yes, over the counter. I didn't face any problem opening the bank account. DBS officer just asked what is the purpose, and I said for investment. Can't remember if Standard Chartered Bank officer asked the same question. smile.gif

QUOTE
As i understand, local Msian banks do not allow funds transfer to a Sing account held by a Malaysian Citizen.
Can anyone verify that?     

TIA
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I don't think there is such restriction. Though I haven't done it myself but my friend did it before. If this is not allowed, how do Malaysian parents TT money to Children studying in Singapore? smile.gif
TSprophetjul
post Oct 4 2012, 08:15 AM

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QUOTE(Anic @ Oct 3 2012, 06:21 PM)
Glad that it helps..  smile.gif
Yes, over the counter.  I didn't face any problem opening the bank account.  DBS officer just asked what is the purpose, and I said for investment.    Can't remember if Standard Chartered Bank officer asked the same question.  smile.gif
I don't think there is such restriction.  Though I haven't done it myself but my friend did it before.    If this is not allowed, how do Malaysian parents TT money to Children studying in Singapore?  smile.gif
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What stock brokers are you using?

i tried to TT some funds to my Msian friend in UK. It was not allowed.
Maybe only for education?
Anic
post Oct 4 2012, 11:08 AM

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QUOTE(prophetjul @ Oct 4 2012, 08:15 AM)
What stock brokers are you using?

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I use UOB Kay Hian. I didn't shop around at that time when I opened the ac. I was new then and didn't pay attention to fees etc.. smile.gif

This post has been edited by Anic: Oct 4 2012, 11:10 AM
Dividend Warrior
post Oct 5 2012, 07:46 AM

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Result Announcement dates:

Sabana: 18 Oct
CMT: 19 Oct
MIT: 23 Oct
CLT: 24 Oct
MCT: 25 Oct
TSprophetjul
post Oct 5 2012, 08:37 AM

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QUOTE(Anic @ Oct 4 2012, 11:08 AM)
I use UOB Kay Hian.  I didn't shop around at that time when I opened the ac.  I was new then and didn't pay attention to fees etc..  smile.gif
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If you are using UOB Kay Hian, why didnt you use UOB for Banking?
Dividend Warrior
post Oct 26 2012, 07:54 AM

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Yay! Another round of cash distributions coming next month! smile.gif

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