Shares & Derivatives
What Happen to Soilbuild REIT 72 Loyang Way
By My Sweet Retirement  •  April 22, 2017
72 Loyang Way is an integrated facility comprising offices, single-storey production facilities, blasting chamber, dormitory and a jetty with 142 metres of sea frontage. It is one of the asset under Soilbuild REIT’s portfolio. Last year, due to the headwinds in the marine and offshore, oil and gas industry, Technics Offshore Engineering Pte Ltd defaulted on its rent at 72 Loyang Way. Being a shareholder of Soilbuild REIT, I am worried about the prospects of 72 Loyang Way. Have you also been waiting for some updates on 72 Loyang Way? In the current 4th quarter 2016 presentation slides, investors have received some updates from Soilbuild REIT. Although I consider it as not exactly fantastic news but at least it is some positive news to me. The news that was announced was that JTC has temporarily lifted the subletting requirements on 30% of the subject site’s gross floor area (“GFA”) till end ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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