Banks are deleveraging their balance sheet due to bad loans from the OnG fallout and also from personal loans. They are likely going to cap their loan amount until they have cleaned their books.

Imho from the recent results, they are mostly done. Last 2 years was very bad with lots of writeoffs.

I dont understand all these UUU and DDD, both also waiting for something that might or might not come.

Instead of speculating, I prefer to invest my money in a more sure thing rather than local properties, which currently does not make sense.

I prefer investing in foreign REITs, as a proxy for property investment.

I can buy properties at up to 30%-40% discount from market, and getting 7%-9% annual dividend annually from rental. I only choose counters which can at least raise their rental annually because of collective bargaining power. You can never get all these with your standard property purchase.

Buying local overpriced properties, you be lucky to get 5% discount to market and rental yields of 2.5%... what a foolish investment:lol:

If property goes DDD, I am protected with my high yield.

If property goes UUU, I enjoy my NTA going up, thus they can buy more property with debt.

If RM crash, I am also protected from Forex (I invest in >6 countries)

I dont have to worry about tenancy problem, selling, and all the associated headache related with property ownership.

The reit itself is already leveraged, but I can pledge my REIT to get loan (rate not much different than housing loan), which I only pay interest, and I can pay off the principal at any amount or one go if i like.

Sounds too good to be true? Sounds impossible? It is not. I have been doing this for the past 8 years, and it has done very well for me indeed.

To know more head to the stock exchange forum under REIT threads to know more.

This post has been edited by gark: Mar 27 2017, 11:03 AM

Mreit has risen more then 30-40% from last year already. Yields still around 4.x%-5.x%.

Better to look at reits across the causeway.

Yes you can pledge reits even local ones, speak to your broker about it.

Depend on your amount, you may get 60-80% compared to pledge amount.

Best you post at reit thread.. otherwise off topic.

In short, retail like mega mall is not going to die anytime soon. If you have visit it before you will know.

Avoid 2nd class retail reits like those who own summit usj for instance.

Reit choosing is also all about the location... Like buying properties.

However current MY reit price is already expensive thanks to the huge run up in last year. Better target in SG reits.

This post has been edited by gark: Mar 29 2017, 10:32 PM