Overview

Overview

Frasers Centrepoint Trust’s portfolio comprises nine suburban retail malls, 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 Whitesands.  

FCT's malls are located next to or near the MRT stations and bus interchanges and in populous residential areas, hence they enjoy high shopper traffic comprising residents and the commuters. As a mall owner, FCT strives to offer pleasant and comfortable shopping experience for its shoppers that will encourage them to keep coming to its malls. For its tenants, FCT strives to be a fair and value-adding landlord through competitive lease rates, upkeep and enhancement of its malls to sustain high shopper traffic. In short, FCT strives to be the mall of choice to its tenants and shoppers.

 
Investment in Hektar

Investment in Hektar

As at 30 September 2020, FCT holds 31.15% 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 comprises Subang Parade (Selangor), Mahkota Parade (Melaka), Wetex Parade (Johor), Central Square (Kedah), Kulim Central (Kedah) and Segamat Central (Johor).

The properties in H-REIT portfolio have a total net lettable area of 2.0 million square feet and a combined value of RM1.24 billion.

More information on H-REIT’s portfolio can be found from its website. 

 

Hektar Property Profile#
(as at 31 Dec 2019)

  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 2019
521,464 519,663 175,014 310,564 299,781 216,345
Tenancies as at 31 Dec 2019 120 110 71 55 76 51
Occupancy as at 31 Dec 2019 93.9% 96.4% 96.2% 89.7% 95.0% 77.1%
Visitor Traffic FY2019 (million) 7.6 8.4
4.2 4.5 4.6 3.0
Acquisition Price (million RM) 280.0 232.0 117.5 83.3 98.0 106.1
Valuation (million RM) as at 31 Dec 2019 440.0 329.0 144.5 97.0 130.0 96.0
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 2019
521,464 519,663 175,014 310,564 299,781 216,345
Tenancies as at 31 Dec 2019 120 110 71 55 76 51
Occupancy as at 31 Dec 2019 93.9% 96.4% 96.2% 89.7% 95.0% 77.1%
Visitor Traffic FY2019 (million) 7.6 8.4
4.2 4.5 4.6 3.0
Acquisition Price (million RM) 280.0 232.0 117.5 83.3 98.0 106.1
Valuation (million RM) as at 31 Dec 2019 440.0 329.0 144.5 97.0 130.0 96.0

 

Notes:

    # Source: H-REIT Annual Report 2019 and its website

Have a question? Get in touch