BENGALURU (Dec 30): Asia s emerging currencies were broadly firmer against a soft dollar on Wednesday, with the South Korean won at a near three-week high after the government looked set to buy COVID-19 vaccines for most of its population.
Singapore s dollar, the ringgit and the Indonesia s rupiah gained between 0.2% and 0.3% as the greenback hit an almost two-year low, continuing its steady decline since U.S. President Donald Trump signed a coronavirus aid bill on Sunday.
The won climbed 0.5% after U.S. biotech company Moderna Inc said on Tuesday it was in discussions with Seoul to supply 40 million or more doses of its COVID-19 vaccine. The news came a day after South Korea, which has a population of 52 million, detected its first cases of the new coronavirus variant.
How Much Would Singapore Investors Have Made If They Invested $1,000 In Every REIT ETF Since Their Listing?
REIT ETFs have yielded 7% to 13% (including dividends) since their launch in Singapore.
December 29, 2020
While residential properties have remained resilient in 2020 with resale prices rising for both HDB and condominiums, Real Estate Investment Trusts (REITs) have taken a pummelling this year. With a crash of close to 35% at the lowest point in mid-March 2020, REITs have recovered most of its losses and looks set to end the year at a slight negative loss.
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REITs have been a long-time favourite of Singapore investors because of their steady dividend payouts and property-focused investments. Instead of cherry-picking individual REITs, Singapore investors can invest in REIT ETFs which offer diversification and the ease of passive investing.
Ascendas REIT to acquire Sydney suburban office property for $284m sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.
Ascendas REIT Buys Suburban Office Park in Sydney from AMP Capital
Posted on 12/13/2020
Ascendas Real Estate Investment Trust (Ascendas REIT) acquired a suburban office park in Sydney for A$289 million from AMP Capital (via AMP Capital Diversified Property Fund). The office park consists of three building and is located at 1-5 Thomas Holt Drive in Macquarie Park. For some tenants, Macquarie Park remains attractive for companies seeking to decentralize from the central business district in Sydney. It is Ascendas REIT’s fifth suburban office acquisition in Australia.
In September 2020, Ascendas REIT bought an office campus in Macquarie Park for A$ 167 million in a fund arrangement with developers Frasers Property Industrial and Winter Property Group.