Frasers Centrepoint Trust (FCT)’s operational update on July 20 reported a dip in 1.5 percentage points q-o-q to 94.6% for 3Q20, led by Bedok Point (at -3.7 percentage points q-o-q), and YewTee Point (-2.6 percentage points q-o-q).

The REIT reported that over 95% of tenants under its portfolio have resumed business since Phase 2 of the loosening of the circuit breaker measures on June 19.

Shopper traffic has rebounded to 61.1% of pre-Covid levels in July, which is a slight uptick compared to June, which saw 48.2% of shopper traffic before the Covid-19 outbreak.

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