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Frasers Centrepoint Trust saw shopper traffic fall in 3QFY21, occupancy stable at 96.4%

Jovi Ho
Jovi Ho 7/22/2021 7:54 PM GMT+08  • 2 min read
Frasers Centrepoint Trust saw shopper traffic fall in 3QFY21, occupancy stable at 96.4%
Only 8% of its leases remain for renewal in 4QFY2021.
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With the implementation of Phase 2 (Heightened Alert) measures in May and June, Frasers Centrepoint Trust (FCT) shopper traffic fell to around 60% of pre-Covid-19 levels.

That said, FCT’s retail portfolio occupancy is stable at 96.4%,says Frasers Centrepoint Asset Management, the manager of FCT, in its business updates for 3QFY2021 ended June.

FCT’s portfolio comprises Causeway Point, Northpoint City North Wing (incl. Yishun 10), Waterway Point, Changi City Point, Tampines 1, Tiong Bahru Plaza, Century Square, Hougang Mall, Whitesands and Central Plaza, an office space.

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