Hi Folks, welcome back to Investment Income for Life! I want to do a quick post on my thoughts on the recently announced logistics facility by Capitaland Ascendas REIT ("CLAR"). I am somewhat not very pleased with the recent acquisition and I should elaborate further below. On June 4, 2026, CLAR announced that it is strengthening its presence in Singapore by acquiring 5 Tuas Avenue 5, a modern seven-storey ramp-up logistics property, for a purchase consideration of S$133.9 million from Hup Hin Transport Co Pte Ltd. The purchase price reflects a 1.5% discount to the independent market valuation of S$136.0 million, bringing the estimated total investment cost to S$136.5 million after factoring in the manager's acquisition fee and transaction expenses. The asset features high-quality modern industrial specifications, including direct ramp access for 40-foot container trucks up to the sixth floor, a clear floor-to-ceiling height of up to 13 meters, and a heavy floor loading capacity of up to