The million dollar question is what has SPH REIT got to do with the divestment of the upcoming Media segment from Singapore Press Holdings ("SPH")? The short answer to that is that we are now seeing the conversion of SPH to a true property management company (and to a smaller extent a developer like Capitaland and City Development from its development of Woodleigh Residences). There are 2 interesting developments arising from the ripple effect, that is, the (i) up and coming Student Accommodation business being injected and (ii) the possibility of new shareholders in the future mounting a takeover of SPH and merging its properties portfolio into their own REITs currently listed on SGX. I will elaborate a bit more on the above 2 points later in my post below.

1. Misconception that Retail REITs is dead given that Pfizer and Moderna vaccine cannot prevent COVID infection as mentioned by some "analysts".

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