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 Singapore REITS, S-REITS

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highcourt
post Feb 1 2015, 09:32 AM

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QUOTE(elea88 @ Jan 28 2015, 03:49 PM)
I use DBS VICKERS.. and then they ask me, u want buy US shares? i answer NO!.. HAHA.
take me some time to understand Singapore Shares.. so, US is 2015 project .
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For DBS Vickers, may I know do they provide those services like nominee accounts whereby we will pay some fees so that we can ask them to subscribe to rights issue etc? If not, then will be a bit troublesome right?

Also, do they charge for accepting dividends into "trust" account? Or, are the dividends credited straight into our singapore bank accounts? If credited straight into singapore bank accounts, are there any "processing fees" charged by the bank?

TQ so much for answers! biggrin.gif
highcourt
post Feb 2 2015, 03:34 PM

Getting Started
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Junior Member
190 posts

Joined: Jun 2012
QUOTE(elea88 @ Feb 2 2015, 12:30 PM)
If u prefer NOMINEE accounts.. best u go for STANDARD CHARTERED Singapore. the brokerage are very very cheap.
Even handling charges.

I go for direct ac, as i costed in ESTATE PLANNING. In case die.. its easier to pass my shares to my beneficiaries.
Not sure how it works if NOMINEE ac for Estate Planning. Coz rightfully, the shares are owned by the BROKERAGE FIRMS and not yrself.

RIGHTS ISSUE... unless u hv an Singapore Address, then u can apply.

If not, they will AUTO SELL yr rights and will bank in the money to your account.
(I opted for this option. count left right is almost the same...)and furthermore.. no need paperwork.

yes DBS VICKERS should hv NOMINEE AC. Its in their website. but I did not hv information on this.
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Might just open a normal direct account with DBS. The AUTO SELL feature seems to be able to solve the headache of exercising. A little bit concern about the price at which they sell. Prefer DBS Vickers over Standard Chartered nominee as I think it is more involved in securities business than SCB. About DBS nominees, I think those nominees are for their foreign shares account. All foreign shares accounts are traded under nominees account. If you are worried about estate planning, maybe you should avoid the foreign shares at the moment but having said that, i think eventhough legally the shares are under nominees, it should not b a major problem to get it passed to your beneficiaries in case of death. There are so many big shareholdings under nominees account and I think they would have looked into that but I am not 100% sure on that. Yet to find out.

 

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