Sabana REIT: 3A Joo Koon Circle and 2 Toh Tuck Link.

Sabana REIT is acquiring two more properties.

1. 2 Toh Tuck Link
Price: $39.8 m
Remaining lease: 45 years

2. 3A Joo Koon Circle
Price: $40.2 m
Remaining lease: 36 years

The purchases will be financed by debt.
With these acquisitions, gearing will be raised 33.7%.


Technically, trading of Sabana REIT's units is seeing decreasing volume as price hits a stubborn resistance at 89c. Although