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Frasers Centrepoint Trust poised to ride on popularity of suburban retail malls, analysts say

Stanislaus Jude Chan
Stanislaus Jude Chan5/27/2019 01:15 PM GMT+08  • 4 min read
Frasers Centrepoint Trust poised to ride on popularity of suburban retail malls, analysts say
SINGAPORE (May 27): Suburban retail malls are quickly gaining favour in Singapore, stealing local visitors away from the famed Orchard Road shopping belt. And Frasers Centrepoint Trust (FCT), which currently owns a portfolio of six suburban malls, looks p
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SINGAPORE (May 27): Suburban retail malls are quickly gaining favour in Singapore, stealing local visitors away from the famed Orchard Road shopping belt. And Frasers Centrepoint Trust (FCT), which currently owns a portfolio of six suburban malls, looks poised to capitalise on this trend.

Already in FCT’s suburban mall portfolio are Causeway Point, Northpoint City North Wing, Changi City Point, YewTee Point, Anchorpoint, and Bedok Point.

The retail REIT has also proposed to acquire the one-third interest in Sapphire Star Trust, which owns the Waterway Point mall in Punggol, from its sponsor Fraser Property for $433 million.

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