With the fears of a rate hike coming in sept or dec, this has lead to the market selling off Reits sharply. In my previous post I mentioned that I was holding on to 10% cash, so I unlocked my warchest and took the opportunity to buy big on Suntec Reit. A total of 15,000 shares of Suntec Reit were purchased. Looking at fundamentals, Suntec is trading at 20% discount to book along with a juicy dividend yield of 6%. I like their office and retail assets, which are really very high quality. This position should serve well as a long term dividend counter replacement for Starhub. The big potential catalyst would be Suntec Reit entering the STI 30 like what happened to CCT. Suntec Reit currently has a market cap of 4.2 billion... way ahead of the rest among the mid cap 40 list. Among the STI ......