CCT will be having its rights issue to partially fund a 2bil prime ppty in the marina district.

likely i would be subscribing to it, to get exposure to such prime property.

CCT being a reit, has little other option but to have a rights issue to fund such a huge purchase when this opportunity presents. the full positive effects of this might need a few years to take place, something which i think is acceptable to a lot of long term investors like myself. it is still one of the few reits in singapore which is trading below its book.

The rights amount would be slightly less than one tenth of my overall dividend for the year, so this would not have such a great impact and CCT currently occupies about 4% of my portfolio.

Imagine if CCT would occupy say 20% of the portfolio, then probably one has …