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Frasers CentrePoint Trust
30-11-2013, 05:02 PM.
Post: #11
RE: Frasers CentrePoint Trust
Sub urban malls will see more tenants moving out as rentals too high to sustain their business.
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30-11-2013, 09:59 PM.
Post: #12
RE: Frasers CentrePoint Trust
Also more shopping spaces coming on along Orchard rd. Will this meaning bad for rental downtown n rental shrink soon?

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02-12-2013, 02:20 PM.
Post: #13
RE: Frasers CentrePoint Trust
(30-11-2013, 05:02 PM)cfa Wrote: Sub urban malls will see more tenants moving out as rentals too high to sustain their business.

That will mean FCT will find it hard to sustain the DPU Dodgy

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02-12-2013, 02:27 PM.
Post: #14
RE: Frasers CentrePoint Trust
Shopping is Singapore peoples' (not just Singaporeans) number one past time. Last weekend was at Changi Airport Terminal 3, big mistake. It was the most crowded I've ever seen of T3, due to all the shops, restaurants, festive decorations, and sponge bob playgrounds etc. As long as there is an air-conditioned shopping centre (or mall, or point, whatever) there will be people. Sad

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21-01-2014, 10:05 PM.
Post: #15
RE: Frasers CentrePoint Trust
SINGAPORE - Frasers Centrepoint Trust’s (FCT) fiscal first-quarter distribution per unit (DPU) rose 4.2 per cent from the corresponding period last year to 2.50 cents, the company said on Tuesday, as its Causeway Point and Northpoint malls enjoyed strong rental growth.

Distributable income for the three months ended Dec 31 increased 4.3 per cent year-on-year to S$20.6 million. Net property income was up 4.4 per cent at S$28.3 million during the period as gross revenue rose 5 per cent to S$38.9 million, mainly coming from Causeway Point.

“During the first quarter, 90 leases accounting for 146,599 square feet or 16.7 per cent of FCT’s total net lettable area were renewed. Causeway Point and Northpoint achieved positive rental reversions of 15.4 and 7.3 per cent, respectively. For the entire portfolio, average rental renewals registered a 2.5 per cent increase over the preceding leases contracted three years ago,” the trust manager said.

FCT’s malls achieved a 96.7 per cent occupancy rate as at Dec 31, a decline of 1.7 percentage points from the preceding quarter, it said.

Occupancy at Causeway Point and Northpoint remained stable at 98.5 and 99.1 per cent, respectively. YewTee Point’s occupancy improved sharply to 97.1 per cent from 92.7 per cent in the preceding quarter, but Bedok Point’s occupancy declined to 80.2 per cent from 96.7 per cent because of renovation and vacancy from expired leases.

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21-01-2014, 10:46 PM. (This post was last modified: 21-01-2014, 10:53 PM by opmi.)
Post: #16
RE: Frasers CentrePoint Trust
(21-01-2014, 10:05 PM)kayhian Wrote: Occupancy at Causeway Point and Northpoint remained stable at 98.5 and 99.1 per cent, respectively. YewTee Point’s occupancy improved sharply to 97.1 per cent from 92.7 per cent in the preceding quarter, but Bedok Point’s occupancy declined to 80.2 per cent from 96.7 per cent because of renovation and vacancy from expired leases.

confirm what my wife said that some shops at Bedok Point was the same as Bedok Mall. So a lot of them went over..
FCT still have to give 16% discount to keep existing Bedok Point tenants.

will Jurong Point occupancy be whacked by JEM/Westgate/Jcube?
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22-01-2014, 09:33 PM.
Post: #17
RE: Frasers CentrePoint Trust
(21-01-2014, 10:46 PM)opmi Wrote:
(21-01-2014, 10:05 PM)kayhian Wrote: Occupancy at Causeway Point and Northpoint remained stable at 98.5 and 99.1 per cent, respectively. YewTee Point’s occupancy improved sharply to 97.1 per cent from 92.7 per cent in the preceding quarter, but Bedok Point’s occupancy declined to 80.2 per cent from 96.7 per cent because of renovation and vacancy from expired leases.

confirm what my wife said that some shops at Bedok Point was the same as Bedok Mall. So a lot of them went over..
FCT still have to give 16% discount to keep existing Bedok Point tenants.

will Jurong Point occupancy be whacked by JEM/Westgate/Jcube?

Bedok Point is a better place for dining than shopping.

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23-01-2014, 08:47 AM.
Post: #18
RE: Frasers CentrePoint Trust
(21-01-2014, 10:46 PM)opmi Wrote: confirm what my wife said that some shops at Bedok Point was the same as Bedok Mall. So a lot of them went over..
FCT still have to give 16% discount to keep existing Bedok Point tenants.

will Jurong Point occupancy be whacked by JEM/Westgate/Jcube?

Ya... I observed that several shops/restuarant have left Bedok Point and went to Bedok Mall

Jurong Point and JEM/Westgate/Jcube are quite in a different area. So dont think will be affected badly. Anyway Jurong Point is not under FCL

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23-01-2014, 08:50 AM.
Post: #19
RE: Frasers CentrePoint Trust
(22-01-2014, 09:33 PM)kayhian Wrote: Bedok Point is a better place for dining than shopping.

In term of Shopping, I would think Bedok Mall will be a better place due to it's location. Maybe Bedok Point can position as Dinning/Cafe/Children Enrichment?

I notice there is no Popular Bookshop at Bedok Mall/Bedok Point

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23-01-2014, 12:27 PM.
Post: #20
RE: Frasers CentrePoint Trust
(23-01-2014, 08:50 AM)palantir Wrote:
(22-01-2014, 09:33 PM)kayhian Wrote: Bedok Point is a better place for dining than shopping.

In term of Shopping, I would think Bedok Mall will be a better place due to it's location. Maybe Bedok Point can position as Dinning/Cafe/Children Enrichment?

I notice there is no Popular Bookshop at Bedok Mall/Bedok Point

Popular is at Basement of Bedok Mall.

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