AIMS AMP Capital Industrial REIT: 103 Defu Lane 10.

Readers might want to do a recapt before continuing:

1. AIMS AMP Capital Industrial REIT: Insights
(dated 30 March 2011)
2. AIMS AMP Capital Industrial REIT: Making money
(dated 3 July 2012)

With phase 1 of 20 Gul Way's re-development completed, the management of AIMS AMP Capital Industrial REIT is going ahead with another re-development. This time it is at 103 Defu Lane 10, a site with a land lease till 2043.

It has been disclosed that the re-development will be fully funded by debt. So, upon completion in mid 2014, we can expect DPU accretion. Not only is this the case, the new property will be some $30m higher in value compared to the current property on site.

I shan't say too much as readers could look at the presentation slides which are self explanatory: here.

The management of the REIT continues to impress under George Wang's leadership, no doubt. This could be another Ascendas REIT in the making and loyal unit holders would be amply rewarded.

"How to tell if you are rich" by Alexander Green.

I would like to share an article titled "How to tell if you are rich" which was published 4 days after my blog post titled "If we are not rich, don't act rich!"

Although the writer used the USA as a backdrop, providing some numbers to show what households in the top 20%, 10%, 5% and 1% in the USA make and have, the ideas on wealth building are universal.

If we own a car like this, we are rich, aren't we?

Alexander Green is the name of the writer and I like his style!

If our households are amongst the top earners in the country, do we run the risk of being "demonized by those who view hard work and risk-taking as a matter of good genes and good fortune"?

If our households are amongst those with high net worth, do we run the risk of being "frowned upon by redistributionists who resent folks that live beneath their means, save regularly and handle their financial affairs prudently"?

Instead of complaining about how we are not rich when others are, try to be rich!





See if what Alexander wrote sounds familiar:

How do you get rich if you aren’t currently?

The basic formula is pretty simple: 

1. Maximize your income (by upgrading your education or job skills). 

2. Minimize your outgo (by living beneath your means). 

3. Religiously save the difference. 

4. And follow proven investment principles.





Most millionaires – folks with liquid assets of one million dollars or more – are not big spenders. Quite the opposite, in fact.

...the most productive accumulators of wealth spend far less than they can afford...

The wanna-be’s, on the other hand, are merely “aspirational.” ..... Their problem, in essence, is that they’re trying to look rich. This prevents them from ever becoming rich.





I like how Alexander ended his article: "If you want to be rich, you have to stop acting rich… and start living like a real millionaire."

Read complete article by Alexander here:
How to tell if you are rich.

Related posts:
1. If we are not rich, don't act rich!
2. The very first step to becoming richer.
3. Retiring a millionaire is not a dream!