you get dividend if hold BEFORE EX DATE.

check here from time to time for div ex dates:
http://www.sgx.com/wps/portal/sgxweb/home/...267378636904/=/true, sabana's div dropped quite a bit starting some months ago, so yield not so high anymore.

all that due to vacancies. industrials under pressure due to ample space now.
while i'm not expecting great performance, i am quite happy for now with 7+% yield with stable price, no cap loss unlike some others!

having said that, i won't add to sabana. more likely will add soilbuildbiz when div $ available. this one been very steady, inching up very slowing, 7.5% yield. check the charts!

This post has been edited by AVFAN: Jul 23 2014, 04:28 PM

i see... i believe sabana is quite capable n lots of their ppl are from hdb.. hmm... should had whack some at 1.02

yea... used to be vey high.. sabana was my 1st reits

ex-date? hmm...

yea.. jtc releasing lots of land and ascendas brining a lot overseas..

but if u hv bought earlier 2013 u would hv loss a lot right?

i see, soildbuild... will go take a look

interesting remark about the ex-date...
becos some time ago, the question was raised if it is as simple as holding it till the day before ex or need to hold a bit longer to get div due to diff broker requirements for payment, entitlement date, etc.
about that, i checked with my broker cimb nominee acc and confirmed the rules are same as bursa, i.e. hold until day before ex, can sell on ex, still get div. no need payment if within t+3 which is also same as bursa.
however, there was no confirmation as far as i remember if taht is also applicable to direct acc opened with broker in sg. perhaps elea88 can comment..?

sabana - yr memory serves u well. later part of 2013, it was 1.13 or so. i bot some then but averaged in feb14 at 1.03 and 1.02, so it's 1.05 for me.

soilbuildbiz - i bot in may14 at 0.79, got div in jun; now it's approaching 0.82. happy enough!

in general, i'm happy with all ny sg reits - all in the green incl div, best performers being suntec and aimsampi (mainly due to rights exercise).

damn... i am using stanchart.. d worse of all... zzz

i totally forgot bout x-date coz been busy trading intraday... lol

i got in at 1.04, hardly moved.. did some trades, long 1.03 short 1.05... lol, 1% profit in 1 day not bad..

well, my best was suntec n keppel.. keppel still can long

neway, are you guys working in sg?

was there many times, some time ago!

so you have to pay witholding / income tax for ur dividend?

frankly, i'm not sure!
will verify n revert!

eh.. i tot dividend received LEGALLY TAX FREE? thats the whole idea of buying SG REITS right?

I top up recently:
LippoMalls
MAPLETREE LOG
MAPLETREE GCC TR

Dividend coming...

also considering OUE H T - results out 31Jul.

u can buy from local stock broking firm ,
or u can open ac in Singapore and do everything online.

My brokerage with DBS SINGAPORE.
Buy brokerage is SGD18 minimum.
all dividends will go into DBS BANK in Singapore.

So, far I think DBS is the only bank allows opening of ac without a Singapore address....

i said m not sure simply becos i been seeing this kind of notices:

http://www.sgx.com/wps/portal/sgxweb/home/...267446346960/=/
sabana
DIVIDEND
Ex.Date: 22 Jul 2014
010414-300614 SGD 0.0186 LESS TAX

firstreit
DIVIDEND
Ex.Date: 21 Jul 2014
DRP SGD 0.0128 TAX EXEMPT

so, i do not know for sure if some are still subject to certain taxes. or perhaps this only apply to residents, not non-residents?

if you have ready sgd or can easily transfer to sgd bank acc, it makes more sense to open direct with dbs. cheaper overall.

alternative is thru major local banks incl cimb via a nominee acc where u can buy/sell online, pay thru local bank account at fair exchange rates. this way, not only sgx, can do same with hkx, nyse, nasdaq.


seriously, with local economy, bursa and fd's pretty sterile, putting some money in foreign investment/currency is a good and timely thing, imo.

Just curious, whats the RM/SGD exchange rate u are getting. If lets say u want to deposit SGD 1000 to the trading acc today how much u need to pay CIMB in Ringgit ?

for cimb nominee acc, buy/sell with itrade platform, it works this way:

.. no need to deposit anything if you have some stocks (bursa or any other) with enough trading value.
.. when u buy at itrade, the rate to be used is shown on the screen, e.g. now is buy sgd at rm2.5665, sell sgd is rm2.5535. can check with other banks rates now to see if these are fair rates.
.. after purchase, the next day, u get a statement via email - it will show exactly that rate and total cost in rm incl brokerage, stamp duty, etc. the same figures will also be displayed in yr itrade/client summary, so u can't miss.
.. just deposit the rm figure within t+3 to complete purchase.

.. if u have some sgd in the sgd trust acc (which happens becos of on-going div, and which does not earn any interest unlike the trust acc in rm), u can use that to pay too. if amt is sufficent, it's just sgd paying for sgd, rm rate becomes irrelevant. if it is insufficient and you need to pay partial sgd and partial rm, a new rate will be determined on due date for the portion u wish to pay in rm - this is becos at purchase, the bank locks into the rate at that time for you and this rate can't be used if you choose pay differently. so, depending on whether the rates moves for or against u significantly over the following few days, one can choose to optimize. i usually accumulate enough of the div in sgd and wait for opportunity to buy and pay in sgd when sgd is relatively stronger than rm. conversely, if rm is strong, i will pay with rm and just leave the sgd's for the next opportunity.

This post has been edited by AVFAN: Jul 24 2014, 02:15 PM

Nice and clear explanation. Thanks

My friend asking.. what is brokerage rate? also service charges for dividends and rights issue?

<rm100k 0.42%; >rm100K 0.275%; min sgd28
plus some minor misc charges.
div processing sgd 10 per div.

other details, better call and ask them!

nope, i think non-resi gets witholding tax or normal non-resi income tax.. even m-reits u kena tax

yea.. wanna go some into oue but it seems for dividend only.. not for trading.. px stuck at 0.895 for a long time

heh... am with stanchart... 0.26% brokerage... no min charge... but u gotta buy cash... no margin

For clarity of taxable, not taxable, withholding tax, blah blah... - to share findings
NOTE: i'm not a tax expert ya - just reading & interpretation by common Joe.

Bottom line:
For individual investors - not taxable at recipient's end AND no withholding tax
REIT's income is NOT taxable IF distributed within financial year

The related references UNDERLINED for your easy review.

REFERENCES
http://www.kpmg.com/PL/en/IssuesAndInsight...ment_Trusts.pdf
 Taxation_of_Real_Estate_Investment_Trusts.pdf ( 694.42k ) Number of downloads: 11

a. Income tax
• Not taxable if SREIT’s taxable income from Singapore properties is distributed within the financial year
• Any taxable income not distributed within the financial year is subject to tax at the prevailing tax rate, currently 17%

b. Withholding tax
• Withholding tax at the prevailing corporate tax rate, currently 17%, is applicable on distributions made by SREITs, except where the distributions are made to:
• Individuals who will receive the distributions free of withholding tax, unless these are received through a Singapore partnership
• Qualifying unit holders (such as Singapore resident corporate unit holders, Singapore branches of foreign companies, bodies of persons, etc) who will receive the distributions free of withholding tax
• Qualifying foreign non-individual unit holders who will receive distributions at the reduced rate of 10% for distributions made until 31 March 2015

c. Foreign Shareholders - Dividends
• Subject to meeting qualifying conditions, foreign non-individual unit holders are subject to withholding tax at 10% for distributions receivable on or before 31 Mar 201510. This withholding tax is a final tax
• For foreign individual unit holders, the distributions are exempt from tax, unless they are derived through a partnership in Singapore
• Distributions made out of capital gains (except trading gains) are exempt from tax

Additional resources (from Gov itself):
http://www.moneysense.gov.sg/understanding...ent-trusts.aspx

This post has been edited by wongmunkeong: Jul 25 2014, 11:03 AM

thank you but dont quite understand.. am not well educated..

btw, what's the difference between cumdate and exdate?

lol.. so nice, get almost 2% return doing intraday trade for the last few days..