What happened? When we talk to others these days, a lot of the questions revolve around what’s a safe investment to hide in with rising risks of a recession. It seems like we’re all stuck between a rock and a...
TL;DR Sentiment towards CapitaLand Integrated Commercial Trust (CICT) has been improving with the recovery in CBD office rents and retail sales in Singapore. Tech companies have been taking up more prime office space. In the event of a slowdown in demand, rents may not fall sharply with limited new supply in the next few years.With 85% of its borrowing at fixed interest rates, CICT’s dividend payout is unlikely to be significantly impacted by higher interest rates. We’d be watching out for CICT as a potential place to hide amidst rising market uncertainty. CICT offers a dividend yield of 4.9%, above the average 10-year yield on the Singapore Savings Bonds of 2.7%.
