Daily Briefing: CapitaLand cuts talks to buy BlackRock’s office tower; HDB issues $1.2 billion of fixed rate notes

And here are tips on investing in REITs in Singapore.

CapitaLand Ltd., Southeast Asia’s biggest developer, said it withdrew from negotiations to buy Asia Square Tower 1 in Singapore. CapitaLand has for now ceased negotiations regarding the potential acquisition and will continue to explore opportunities that allow it to generate required returns, it said in a statement Wednesday. Read more here.

The Housing Board on Tuesday issued $1.2 billion, five-year fixed rate notes under its $32 billion Multicurrency Medium Term Note (MTN) programme. To mature on 3 November 2020, the notes are in denominations of $250,000 and have a coupon of 2.1 percent per annum payable semi-annually in arrears. Find out more here.

Real Estate Investment Trusts (REITs) are getting more popular as an investment tool in recent years for retail investors because of the growing investment-savvy population along with the general love that Singaporeans have when it comes to property investing. As some of you may already know, REITs pay out a good majority of their profits as dividends. Here are five other things every investor should understand and look out for about REITs before investing in them. Read more here.