How to invest for a better yield on cash – instead of chilling in...
As you would all have observed - T-Bills yields are falling.
The latest T-Bills yields closed at 3.06%, which is the lowest it has been...
Singapore Savings Bonds pay 3.4% yield – Absolute must buy? Best interest rates in...
Okay let’s not mince words.
This month’s December Singapore Savings Bonds are probably the best SSBs - in the history of SSBs.
And with the sharp...
Eagle Hospitality Trust: Balloting Results and IPO Price Drop – What went wrong?
Okay, so I was planning to write another article today. Then I heard about the absolute disaster that was Eagle Hospitality Trust’s IPO, and...
T-Bills Auction on 16 March – Will interest rates cross 4.00%? Better Buy than...
Next T-Bills Auction is on 16 March 2023!
Interest rates on the 6 month T-Bills have been creeping up steadily since early Feb.
And this week,...
Next T-Bills Auction on 5 Jan – Estimated yield of 4.3% – 4.4%? Are...
Okay… you guys know the drill by now.
Next T-Bills auction is on Thursday, 5 January.
So if you want to apply, you need to get...
T-Bills Auction on 13 April – Expected yield of 3.8 – 3.9%? Better buy...
I’ve been getting quite a few questions on the expected yield for the next round of T-Bills.
Interestingly – this month will see not just...
Mapletree Logistics Trust vs Frasers Logistics & Industrial Trust
REITs have been getting a lot of flak recently due to the rising interest rates. A lot of investors out there have been swearing...
1-year T-Bills Auction on 18 April – Must buy with CPF-OA? Will interest rates...
As most of you would know.
There are only four 1-year T-Bills each year – one every quarter.
And the next one is coming up on...
Top 3 REITs I will buy in 2023 – 6% Dividend yield minimum (as...
Let me just put it out there and say that I am not the biggest fan of REITs at today’s prices.
Regular readers of Financial...
6-month T-Bills Auction on 4 July – Will interest rates break 3.8% or fall...
The next 6-month T-Bills auction is on 4 July 2024.
Generally speaking - T-Bills yields have been steadily declining of late, due to market expectations...
新加坡商铺/写字楼市场前景 3 大要点—CICT（凯德综合商业信托）2021 年第三季度业务更新报告最新解读
看了凯德综合商业信托 2021年第三季度业务更新报告 - 有所启发！
其报告绝对是新加坡商业地产（包括商铺和写字楼）领域的信息宝库。
今日分享一下心得，希望对您有所帮助。
CICT（凯德综合商业信托）2021 年第三季度业务更新报告中的 3 大要点
我关注的是新加坡商业地产的总体趋势，而非仅仅聚焦于凯德综合商业信托。
我们从商铺业务说起。
新加坡商铺市场
续租租金变动率仍在下跌
商铺的续租租金变动率持续下滑。
对于不甚熟悉地产领域的读者，我需要解释下，续租租金变动率指的是下面两项租金之间的变动率：(1) 续租租金 (2) 已到期租约的租金。
因此，这说明商铺续租租金低于低于之前租约的租金。
有些细节颇为引人注意：
首年租金低于平均租金
这意味着，业主以此吸引租户签订租约。
他们可能第一年会收取较低的租金，然后逐年增加。
这对双方都有利，租户只需付较低的预付租金，有时间稳定业务。
而业主则保证了入住率（避免房产空置）以及未来的上升空间。
我唯一担心的是疫情形势有变。那样的话，租户核心业务还未改善，同时还要负担不断上涨的租金。
郊区续租租金变动率优于市区
郊区商场续租租金只比之前的平均租金低 0.9%。
而市区商场续租租金则较之前的租金低 8%。
不得不说，由于居家办公，郊区商场目前态势比市区商场要好得多。
不过我不希望这会永远持续下去，我们总有一天会回到办公室。
因此，如果留心，可以发现一些交易机会。卖出复苏交易的一些变量，即不做空数据中心房地产投资信托基金 (REIT)，而是做空郊区商场 REIT，做多市区商场 REIT。
租户销售额的复苏远强于客流回暖
租户销售额为 2019 年平均水平的 83%（下降 17%）。
而客流量则是 2019 年平均水平的 59%（下降 41%）。
我觉得这个数据很有意思——这表明消费者的购物效率越来越高。
如果消费者想购物，他们仍会选择商场（因此租户销售额复苏），但不会只为了闲逛而去商场。
至少在我看来是这样的。
你可以说，租户可能已经更好地适应了后疫情时代的消费现状，销售人们真正想买的商品。也存在这种可能性。
部分零售领域遭到重创
部分类别的租户业绩低迷。
跌幅最大的是零售店和娱乐业，分别下降了 9.6% 和...
Singapore T-Bills massively oversubscribed – 4.0% yield, 49% allotment rate! (10 Nov 2022 Auction...
Holy shit what a week.
For those of you following the FTX saga, it’s been an absolute roller coaster.
The only other time it felt this...
Syfe Income+ Review – How to earn $4,000 passive income every month
I get a lot of questions on how to invest for dividend income.
Many investors aim to build an investment portfolio that generates stable monthly...
Launch of Astrea V Secured Fixed Rate Bonds
Update (11 June 2019): The preliminary pricing for Astrea V is out. At 3.85%, it's lower than last year's 4.35%, which I suppose is...
Top 5 REITs to buy now (2018/2019)
REITs have been getting a lot of bad flak recently. I like to think that this is down to 2 reasons.
Firstly, because REITs are...