We’ve heard of commercial REITs, residential REITs and industrial REITs. But how about a REIT focused on outlet malls in China specifically?

Our guest for today is from Sasseur REIT which is an SGX-listed REIT since March 2018, and the first outlet REIT listed in Asia. The firm’s portfolio consists of four outlets in China, namely in Chongqing, Kunming and Hefei. 

But why did the company focus on these Tier 2 cities? Also – how does the REIT assess its reliance on China, given the strict lockdowns we saw during the pandemic? 

Meanwhile, the company recently reported its Q1 results, where distribution per unit rose 1.5 per cent from the previous year. The company attributed this to strong outlet sales boosted by pent-up consumer spending. 

To what extent has tourism recovered to pre-pandemic levels and is there a significant difference between the recovery of domestic and international travels? 

On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Cecilia Tan, CEO, Sasseur REIT  for more.

We’ve heard of commercial REITs, residential REITs and industrial REITs. But how about a REIT focused on outlet malls in China specifically?
Our guest for today is from Sasseur REIT which is an SGX-listed REIT since March 2018, and the first outlet REIT listed in Asia. The firm’s portfolio consists of four outlets in China, namely in Chongqing, Kunming and Hefei. 
But why did the company focus on these Tier 2 cities? Also – how does the REIT assess its reliance on China, given the strict lockdowns we saw during the pandemic? 
Meanwhile, the company recently reported its Q1 results, where distribution per unit rose 1.5 per cent from the previous year. The company attributed this to strong outlet sales boosted by pent-up consumer spending. 
To what extent has tourism recovered to pre-pandemic levels and is there a significant difference between the recovery of domestic and international travels? 
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Cecilia Tan, CEO, Sasseur REIT  for more.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

We speak with businesses, industry leaders, venture capitalists and startups on their assessment of the business environment they're in, and what the future holds for them.

Under The Radar

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Under the Radar: Sasseur REIT’s CEO on its focus on outlet malls in China; Why it chooses to be present in Tier 2 cities; Pure play on China and if Sasseur is putting all of its eggs in one basket; China’s domestic vs international tourism recovery; DPU up 1.5% yoy for Q12023; Gearing ratio and opportunities for M&A and inorganic growth

Art is often celebrated as "a freedom of expression," a boundless medium through which individuals convey their thoughts, emotions, and perspectives.

But how free is this expression when government regulations intervene, potentially stifling artistic creativity? Can art truly thrive in an environment where it is subjected to oversight and control?

Consider the case of the Samsui mural.

The artwork, which depicted a Samsui woman - a historic icon of resilience - holding a cigarette, faced demands for alteration or removal, since it clashed with societal norms and regulatory concerns.

Does Singapore impose excessive constraints on artistic expression? And is there even a need to regulate art in the first place?

On The Hot Seat, Hongbin Jeong speaks with Ryan Su, OC Queen Street, The Ryan Foundation, and Michelle Lim, Assistant Professor, NTU School of Humanities.

Art is often celebrated as "a freedom of expression," a boundless medium through which individuals convey their thoughts, emotions, and perspectives.
But how free is this expression when government regulations intervene, potentially stifling artistic creativity? Can art truly thrive in an environment where it is subjected to oversight and control?
Consider the case of the Samsui mural.
The artwork, which depicted a Samsui woman - a historic icon of resilience - holding a cigarette, faced demands for alteration or removal, since it clashed with societal norms and regulatory concerns.
Does Singapore impose excessive constraints on artistic expression? And is there even a need to regulate art in the first place?
On The Hot Seat, Hongbin Jeong speaks with Ryan Su, OC Queen Street, The Ryan Foundation, and Michelle Lim, Assistant Professor, NTU School of Humanities.

The Hot Seat: Should the government regulate art?

Singapore stocks opened lower today, following another downbeat session on Wall Street as the US Federal Reserve’s hawkish pivot continued to weigh on sentiment.

In early trade, the Straits Times Index (STI) had fallen 0.5 per cent to 3,743.96 points after 30.8 million securities transacted across the broader market.

In terms of counters to watch, we have CapitaLand Investment and CapitaLand Ascott Trust. That’s after CapitaLand Investment sold stapled securities in CapitaLand Ascott Trust for S$162 million to an unrelated party.

Elsewhere, from more on Japanese inflation rising more than expected last month, to what to expect ahead of the release of US personal consumption expenditures tonight – more international headlines remain in focus. 

Also on deck – Beijing calling on AstraZeneca to expand its research and development investment in the city despite an ongoing probe against some of its executives.

Plus – a quick look at MayBank’s take on what to watch in 2025.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

Singapore stocks opened lower today, following another downbeat session on Wall Street as the US Federal Reserve&rsquo;s hawkish pivot continued to weigh on sentiment.
In early trade, the Straits Times Index (STI) had fallen 0.5 per cent to 3,743.96 points after 30.8 million securities transacted across the broader market.
In terms of counters to watch, we have CapitaLand Investment and CapitaLand Ascott Trust. That&rsquo;s after CapitaLand Investment sold stapled securities in CapitaLand Ascott Trust for S$162 million to an unrelated party.
Elsewhere, from more on Japanese inflation rising more than expected last month, to what to expect ahead of the release of US personal consumption expenditures tonight &ndash; more international headlines remain in focus.&nbsp;
Also on deck &ndash; Beijing calling on AstraZeneca to expand its research and development investment in the city despite an ongoing probe against some of its executives.
Plus &ndash; a quick look at MayBank&rsquo;s take on what to watch in 2025.
On Market View, The Evening Runway&rsquo;s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

Market View: Expectations ahead of US PCE numbers; Odds of US government shutdown; Earnings from FedEx, Nike; Beijing calls on AstraZeneca to expand R&D investment; Japan’s core inflation accelerated in November; CapitaLand Investment sells stapled securities in CapitaLand Ascott Trust and more 

“Reflexivity” theory suggests that investors base their decisions on perceptions and expectations that can be off the mark from reality. But there are portfolio dangers when the dichotomy between expectations and reality becomes extreme. So how is reflexivity playing in markets right now? How are high expectations of growth in markets affecting investors' portfolios? On Wealth Tracker, Hongbin Jeong speaks to Desmond Chua, Investment Counselor, Citigold Private Client, Citibank Singapore, to find out more.

&ldquo;Reflexivity&rdquo; theory suggests that investors base their decisions on perceptions and expectations that can be off the mark from reality. But there are portfolio dangers when the dichotomy between expectations and reality becomes extreme. So how is reflexivity playing in markets right now? How are high expectations of growth in markets affecting investors' portfolios? On Wealth Tracker, Hongbin Jeong speaks to Desmond Chua, Investment Counselor, Citigold Private Client, Citibank Singapore, to find out more.

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