Category Archives: Funds

Parkway Reit cautious despite good results

Posted on 7 Aug 2009 | Comments Off on Parkway Reit cautious despite good results

It has also secured a $50m Islamic revolving credit financing facility

PRUDENCE is the call at Parkway Life Reit, even as the healthcare trust reported an improved set of second-quarter results yesterday. The trust has secured a $50 million Islamic revolving credit financing facility by The Islamic Bank of Asia, even though it already has ample funding facilities to support potential acquisitions.

‘This $50 million is both a defensive and competitive strategy,’ said Yong Yean Chau, CEO of Parkway Trust Management, which manages the trust. ‘Defensive in a sense that the market has rallied, no doubt, but we’re not very sure whether the Continue reading →

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The two Singaporean real estate funds to buy now

Posted on 4 Aug 2009 | Comments Off on The two Singaporean real estate funds to buy now

By Cris Sholto Heaton

Back in March, I wrote about the outstanding opportunities the global panic was creating in the Singapore Reit sector: It’s time to get back into property – Asian property.

At the time, fears that the credit crunch would make it impossible for many of them to refinance had hammered the sector to the point where almost every Reit sported a double-digit yield. This looked like an outstanding opportunity: the best of the bunch were very attractive income plays, with the bonus of the inflation protection that comes through owning real estate.

This turned out to be one of my better short-term calls. The sector is up an average 88% since, beating the local Straits Times Index (80%) and thrashing the FTSE (30%). I know from my emails that some of you bought into the sector Continue reading →

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