Homepage
PR Newswire
16-09-2013, 10:28 PM
Although IR mentioned that they are confidence of filling up the tenancy.
I felt the price paid is not low to justify the 50% tenancy. They are paying full price for future rental growth that is subjected to risk, how wise can that be?
If there is nothing compelling to buy, dun buy, they sound as if its the sale of the century, cannot wait, quickly issue placement and grab, but the sums does not add up.
The yield taking the medium rent at Chai Seng area is only
2.5% yield for distribution
3.3% yield for NPI.
You may mutliple by 2 to assume full occupancy, but taking such a big risk by paying full for such a yield definitely does not come across to me as value hunting.
I felt the price paid is not low to justify the 50% tenancy. They are paying full price for future rental growth that is subjected to risk, how wise can that be?
If there is nothing compelling to buy, dun buy, they sound as if its the sale of the century, cannot wait, quickly issue placement and grab, but the sums does not add up.
The yield taking the medium rent at Chai Seng area is only
2.5% yield for distribution
3.3% yield for NPI.
You may mutliple by 2 to assume full occupancy, but taking such a big risk by paying full for such a yield definitely does not come across to me as value hunting.
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance