Bought into SPH Reit this week at S$0.955.
I like the simplicity of this Reit with assets of Paragon and Clementi mall, which I visited often.
Paragon is not just retail but also consists of medical suites/offices. In my opinion, it is definitely one of the malls in Orchard area that has relatively higher human traffic. Clementi mall is suburban and co-located with MRT. It is always crowded be it weekdays or weekends when I patronised.
In my opinion, SPH Reit has a very well mix of good services even with just 2 assets. Gearing of 25% is considered one of the lowest among S-reits with possible injection of Seletar mall into the Reit when the time is riped.
Paragon and Clementi are undergoing AEIs. Paragon AEI is to replace the air handling unit and is expected to have additional 7K sqft NLA by mid-2018. Part of the ......