This Singapore dividend stock is yielding 17% today.
Sustainable?
What’s interesting is this business owns properties in one of China’s fastest growing regions — The Greater Bay Area. What’s more, the entire region is going to hit 100 million people over the 15 years. A massive 43% growth rate.
And that’s the size of Japan.
If you count The Greater Bay Area as a standalone economy, it’s the 11th biggest economies in the world, just behind Canada. It’s ambitious, China has approved a huge railway plan that will build 13 intercity railways and five hub projects stretching 775 km. This links the entire area within a “one-hour traffic circle.”
Finally, big dividend yield for Singapore investors?
And Dasin Retail Trust (SGX: CEDU) — a S$234 million market cap property trust — is riding on the tailwind of this big regional growth. This property trust owns seven retail properties in the Greater Bay Area. Dasin Retail Trust was listed in 2017....