Overview

Frasers Centrepoint Trust’s portfolio comprises nine suburban retail malls and one office building, all located in Singapore. The nine retail malls are (in order of net lettable area): Causeway Point, Waterway Point (FCT holds 40%-interest), Tampines 1, Northpoint City North Wing (inclusive of Yishun 10 retail podium), Tiong Bahru Plaza, Century Square, Changi City Point, Hougang Mall and White Sands. The office building is Central Plaza, which is connected to the retail mall Tiong Bahru Plaza.  

FCT's properties are located next to or near the MRT stations and bus interchanges and in populous residential areas. The retail malls enjoy high shopper traffic comprising residents and the commuters. FCT strives to offer pleasant and comfortable shopping experiences for all its shoppers that will encourage them to keep coming to its malls. FCT strives to be a fair and value-adding landlord through competitive lease rates, upkeep and enhancement of its retail and office properties, and be the preferred choice of tenants and stakeholders.

Overview

Investment in Hektar

As at 30 September 2022, FCT holds 30.53% of the units in Hektar Real Estate Investment Trust (“H-REIT”). H-REIT, an associate of FCT, is a retail-focused REIT in Malaysia listed on the Main Market of Bursa Malaysia Securities Berhad.

H-REIT’s property portfolio consists of six shopping centres in the Northern, Central and Southern Regions of Peninsular Malaysia. These six shopping centres are Subang Parade (Selangor), Mahkota Parade (Melaka), Wetex Parade (Johor), Central Square (Kedah), Kulim Central (Kedah) and Segamat Central (Johor).

More information on H-REIT’s portfolio can be found from its website at http://www.hektarreit.com/;

Investment in Hektar

Hektar Property Profile#
(as at 31 Dec 2020)

  Subang Parade Mahkota Parade Wetex Parade Central Square Kulim Central Segamat Central
State Selangor Melaka Johor Kedah Kedah Johor
Title Freehold Leasehold
(expires 2101)
Freehold Freehold Freehold Leasehold
(expires 2116)
Net Lettable Area (Retail),
square feet as at 31 Dec 2020
521,247 521,178 175,014 310,564 299,781 211,910
Tenancies as at 31 Dec 2020 103 101 67 49 70 44
Occupancy as at 31 Dec 2020 83.7% 92.5% 94.5% 87.9% 93.9% 77.9%
Visitor Traffic FY2020 (million) 4.9 4.5 2.5 2.8 3.0 1.5
Acquisition Price (million RM) 280.0 232.0 117.5 83.3 98.0 106.1
Valuation (million RM) as at 31 Dec 2020 441.0 329.0 146.0 92.0 130.0 69.0
Subang Parade Mahkota Parade Wetex Parade Central Square Kulim Central Segamat Central
State Selangor Melaka Johor Kedah Kedah Johor
Title Freehold Leasehold
(expires 2101)
Freehold Freehold Freehold Leasehold
(expires 2116)
Net Lettable Area (Retail),
square feet as at 31 Dec 2020
521,247 521,178 175,014 310,564 299,781 211,910
Tenancies as at 31 Dec 2020 103 101 67 49 70 44
Occupancy as at 31 Dec 2020 83.7% 92.5% 94.5% 87.9% 93.9% 77.9%
Visitor Traffic FY2020 (million) 4.9 4.5 2.5 2.8 3.0 1.5
Acquisition Price (million RM) 280.0 232.0 117.5 83.3 98.0 106.1
Valuation (million RM) as at 31 Dec 2020 441.0 329.0 146.0 92.0 130.0 69.0

 

Notes:

    # Source: H-REIT Annual Report 2020 and its website

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