Tuesday, March 1, 2011

MervHoldings - 003

Hmm...others are on Post 16 and I just started my 3rd. Anyway, recent weeks have been torrid for SG stocks...seeing Capitaland sink from around 3.8 to 3.3 is no joke to my heart. About $2.5k profits wiped off the table. A rebound today for SG stocks eased the pain....by a wee bit.

Read this news about one of my holdings, CapitaMall. Thought I would share this:

Capitamall Trust buys Iluma for S$295 mln
SINGAPORE – Singapore's CapitaMall Trust Management said on Monday it has entered an agreement to buy a shopping mall in the city-state, Iluma, for S$295 million ($231 million).
'Iluma is a new shopping mall in Singapore located at Victoria Street opposite the popular Bugis Junction, one of CMT's existing properties. The mall has a net lettable area of 185,190 square feet,' CapitaMall Trust said in a statement.
CapitaMall is part of Singapore's CapitaLand, Southeast Asia's largest property firm.

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