If UK and Japan government bonds are suddenly paying close to your S-REIT yield, the big funds parking money in your Mapletree and CapitaLand are going to re-run their maths. In this episode, we walk from gilts in London to 30-year JGBs in Tokyo, then bring it all the way back to your CDP account and kopitiam table. You will learn why a violent bond sell-off can hit your REIT price, your future DPU, and even the comfort you feel topping up CPF instead of checking your gearing. The goal is not to panic you, but to make sure you are not the last person in Jurong to realise the “risk-free” benchmark just jumped.
Key takeaways:
Global bond yields are now competing head-on with your S-REIT income
Big funds can switch from malls to government bonds with one click
High gearing and floating-rate debt turn bond spikes into DPU cuts
Japan’s carry trade unwind can hit Singapore prices with no local news
Three simple REIT debt checks tell you if you are sheltered or exposed
