Suntec looks attractive (Distribution yield and NAV) too but the gearing put me off. The gearing is 37.3% and I am very concerned they will issue rights to lower the gearing.  Not worth the gamble because the stock price may go down some more. 
http://mystocksinvesting.com/dividend-stock/can-you-spot-undervalue-singapore-reit-for-dividend-investing/ 
Thats right, this is one of the best valuation retail reits available, but there are a few more to choose from in other sectors. Suntec is another one, its mgmt is paring stake..... a good opportunity to accumulate?
Current valuation looks attractive for Starhill Global.
http://mystocksinvesting.com/singapore-stocks/starhill-global/starhill-global-undervalue-reit-for-dividend-investing/
 
OCBC research on Starhill Gbl
  http://sg-shares.blogspot.com/2012/02/starhill-global-reit.html 
DATE OF RELEASE OF STARHILL GLOBAL REIT’S FINANCIAL STATEMENTS FOR FOURTH QUARTER AND THE FULL YEAR ENDED 31 DECEMBER 2011
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3FF86FF24E73BFB9482579870015AD13/$file/Announcement-DateReleaseResults120103.pdf?openelement