Many shareholders of SPH REIT have lamented over the lack of M&A for expansion. Ever since its maiden IPO, SPH REIT only had Paragon and The Clementi Mall in its portfolio. During the last AGM held on November 30, 2018, the question of why only a tiny strip of Mall, namely, The Rail Mall was acquired during the current financial year was raised. The answers given as per below screenshot on the usual rhetoric response that the asset acquired must be good quality, well located with a minimum 6% yield similar to the existing 2 malls. You can imagine the disappointment of all shareholders (including myself) that SPH REIT still has no fate to be together with The Seletar Mall that SPH is still keeping in its stable ever since its official opening in November 28, 2014. 
Why is everyone so looking forward to The Seletar Mall joining SPH...