Over the Hari Raya weekend, a group of my friends decided to hop on the plane and head for Jakarta, the capital of Indonesia. Since it was a holiday, the traffic was great for us to enjoy a slow weekend over there.
However, given that some of us are shareholders of Singapore-listed First Real Estate Investment Trust (SGX:AW9U), we dropped by a few of the assets owned by First REIT in the city, to check out on our investments (J). For those who are not familiar, First REIT is one of the few healthcare REITs listed in Singapore. It owns 14 properties in Indonesia, mostly Hospitals operated by Siloam Hospital, three nursing home in Singapore and a hospital in South Korea. Most of its rental income is still coming from the hospital operated by Siloam Hospitals.
Being the nerds that we are, we dropped by Siloam Hospital Lippo Village ...
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