Suntec REIT

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https://officefinder.com.sg/suntec-reit-...ice-units/

Due to its close to 45% leverage and 2.0 ICR (below MAS 2.5 times ICR if Suntec REIT exceeds 45% leverage), Suntec faces the prospect of the need to shore up its balance sheet. CEO has come out to clarify he will not be doing rights raising but instead selling of strata office spaces in Suntec will be done.

Interestingly the office space in Singapore has one of the lowest Cap rate in the world (besides Japan that of I know), so this makes Singapore office spaces one of the most resilient (you can also say overvalued) investment in the property market. Good job by the CEO of planning to offload expensive assets to others. I would commend him on making an astute choice
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