Here I prophesised that Far East Reit would be forced to increase the expected yield on its trust from a niggardly 6-6.5%.
Well Morocco Mole (sidekick to Secret Squirrel) tells me that the Reit, which owns hotels and serviced residences in Singapore has not changed its pricing, despite CDL’s yield of 6ish% and Ascendas Hos of almost 8%.
So don’t subscribe if you are hoping for a pop in the price on listing day. CDL looks a better yield play. Got public track record.
Related post: http://atans1.wordpress.com/2012/07/30/ascendas-hospitality-trust-surprises/
