both are very good value now.However, VPG has got the following...

both are very good value now.

However, VPG has got the following advantages.

1. more flexibility and likelihood in paying dividends with sound cash earnings despite asset writedowns, as well as low gearing;

2. smaller market capitalisation which could potentially be a acquisition target as the REIT sector consolidates;

3.directors buying on market, and employees share trading window to be opened in late Feb (per Investor service)

4. stand-alone position, not attached to any other parent entity.