CapitaMall Trust share price has fallen sharply from $2.75 to $1.70. That is about a 40% decline from its peak. While people are fearful, I got a little greedy. Everyone is panicking that their portfolio value is falling like grapes from the sky. I am panicking that I don’t have enough baskets and hands to catch the grapes.

That’s the thing I don’t understand. When CapitaMall trust is trading at $2.30, $2.40, $2.50, $2.60, people are all greedy and buying. The future of the merger with CapitaLandCommercial Trust seems bright like the diamond. Money keeps coming in and CMT keeps pumping up higher and higher.

But when CapitaMall trust has fallen from grace to $2.00, $1.90, $1.80, $1.70, people are all selling and running away. Suddenly nobody wants this diamond anymore.

Before this whole coronavirus, the large-cap REITs are all trading at around 3 – 4% yields. That