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COMMERCIAL PROPERTY, ECONOMY, RESIDENTIAL PROPERTY | Staff Reporter, Singapore
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Daily Briefing: SATS trades near 52-week low; Vertex Ventures closes tech fund at $286.6m

And here are four local REITs that only own properties abroad.

From The Motley Fool:

In its latest quarterly results, SATS reported revenue grew by 0.5% year-on-year and underlying net profit increased by 3.2% during the period. This takes into account of the absence of one-off gain in the latest quarter. The improvement in profit was due to better performance from associates/joint ventures during the quarter.

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From Tech in Asia:

Vertex Ventures, the venture capital arm of Singapore’s Temasek Holdings, has closed its third tech fund at US$210 million, making it the largest fund in Southeast Asia, according to Bloomberg. The fund also invests in Indian startups.

The fund was first announced in August with a target of at least US$150 million. It aims to invest mainly in series A rounds, with check sizes from US$3 million to US$5 million, Vertex told Tech in Asia at that time. It will focus on enterprise tech, fintech, and consumer internet.

The firm’s perhaps most notable investment today is its participation in Grab’s early financing rounds. The ride-hailing firm raised US$2.5 billion in its latest round.

Read more here.

From DollarsAndSense.sg via Yahoo!:

In recent years, lower rental yields in the property market have led to more Singapore investors considering REITs instead. Being professionally managed, most Singapore REITs are able to deliver superior returns to investors via their high dividend payouts.

A common misconception that some newbie Singapore REIT investors may have is that Singapore REITs would hold only local real estate investments within their portfolio.

This is not true. Over 75% of Singapore REITs and property trusts hold overseas properties within their trusts. There are even a few REITs that hold overseas properties exclusively.

In today’s article, we look at four REITs in Singapore that only hold overseas properties.

Read more here.

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