SINGAPORE (Jan 19): Three years ago, it was touted as a development that would rejuvenate Singapore’s central business district. But an upcoming building in the city-state could have fallen victim to the pandemic, which has upended the office market as work from home remains a long-term arrangement for some companies. CapitaSpring, a 51-floor integrated development with JPMorgan Chase & Co as an anchor tenant, has only managed to secure about 38% out of 647,000 square feet (62,600 square meters) of net lettable area. That’s low considering it’s 75% completed. Typically at that stage in pre-pandemic times, buildings would have leased out more than half of their space, three analysts said.
January 14, 2021
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It has changed our lives in many ways that we would have never thought of.
Due to the pandemic, the stock market this year has been on a rollercoaster ride as well, plunging quickly and recovering just as fast, especially for the US market.
It took just 16 trading days for the S&P 500 index to fall 20 per cent from a then-record high the quickest descent into a bear market since July 1933.
After that, the index rose around 63per cent from its March bottom to set a new record, closing at 3,756.07 on Dec 31, 2020. For the whole year, the S&P 500 index increased by an impressive 16.3 per cent.
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.
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