Everyone in your Telegram group is screaming “buy the dip” on Singapore REITs — but Iggy says stop, audit first. This week’s forensic breakdown exposes why a falling share price is the last thing you should be looking at right now. L
ike two kopitiam owners hit by a sudden electricity spike, the difference between CICT and CLCT isn’t their tenants — it’s who locked in fixed costs before the crisis hit. Miss this check and your CPF distributions could quietly bleed out before you even notice.
Key takeaways:
A 7% REIT dip is not automatically a buying opportunity — check debt maturity schedules first
Gearing above 35% or interest coverage below 4× means that attractive yield may be a mirage
CICT locked fixed-rate debt at 2.25% for 7 years; CLCT is still paying spot-market rates in depreciating RMB
Iggy’s forensic floor: minimum 4.7% yield, gearing below 35%, occupancy above 95%
Never deploy CPF or SRS capital based on price charts alone — the balance sheet is the real product
Iggy’s Forensic Compliance Standards — Standard Disclaimer
This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.
