Daily Briefing: SGX's S-REIT index dipped 6.3%; Singapore crane supplier Tat Hong to delist

And here's how The Garden Residences lured 3,000 people to its showflat.

From Deal Street Asia:

Singaporean crane supplier Tat Hong Holdings could soon delist from the Singapore Exchange after its CEO and managing director Roland Ng, along with Standard Chartered's private equity unit, offered to buy a 90.31% stake in the company.

"According to the Listing Manual of the Singapore Exchange Securities Trading Limited, listed companies are required to ensure that at least 10% of the total number of issued shares is at all times held by the public.

'In view of the above, the board wishes to highlight that the percentage of the total number of issued shares, excluding treasury shares, which are held in public hands has fallen to below 10%,' Tat Hong said in a disclosure on Monday."

Read more here.

From PropertyGuru:

The Garden Residences by Keppel Land and Wing Tai Asia attracted more than 3,000 visitors over the weekend after its showflat at Serangoon North Avenue 1 opened for preview. It was visited by those living in the nearby Serangoon Gardens landed estate and en bloc homeowners in District 19 seeking replacement homes.

"The smart-enabled project will also feature technology from mobile app developer Habitap, which will allow residents to book condo facilities as well as control their air-conditioners, door locks and water heater.

The 613-unit project comprises a range of one- to five-bedroom apartments from 452 sq ft to 1,981 sq ft spread across five 15-storey towers."

Read more here.

From via Yahoo! Finance:

The SGX S-REIT Index, comprising all REITs listed in Singapore, has declined close to 6.3% on average. This is offset by its 6.5% per annum yield that the REITs pay out on average.

"Real estate investment trusts (REITs) are an asset class that investors in Singapore are highly interested in. The opportunity to own properties, not only in Singapore, but the rest of the world is enticing. This is coupled with relatively high yields – returning close to 6.5% per annum in distributions currently.

A similar decline was witnessed in all three REIT ETFs listed in Singapore – the Lion-Phillip S-REIT ETF (declining 6.8% in year-to-date 2018); NikkoAM-Straits Trading Asia Ex Japan REIT ETF (declining 6.3% in year-to-date 2018); and the Phillip SGX APAC Dividend Leaders REIT ETF (declining 5.5% in year-to-date 2018)."

Read more here.

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