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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 experience for 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.
FCT Property Portfolio
FCT Property Portfolio
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 2021)
| Subang Parade | Mahkota Parade | Wetex Parade & Classic Hotel | 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 |
523,487 | 521,142 | 175,014 | 310,564 | 299,781 | 216,345 |
| Tenancies as at 31 Dec 2021 | 89 | 90 | 60 | 45 | 67 | 33 |
| Occupancy as at 31 Dec 2021 | 82.5% | 87.1% | 89.9% | 85.9% | 94.0% | 67.3% |
| Visitor Traffic FY2020 (million) | 4.0 | 2.8 |
1.9 | 1.9 | 1.9 | 0.7 |
| Acquisition Price (million RM) | 280.0 | 232.0 | 117.5 | 83.0 | 98.0 | 106.1 |
| Valuation (million RM) as at 31 Dec 2021 | 423.0 | 323.5 | 142.0 | 90.0 | 129.0 | 57.0 |
| 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 |
523,487 | 521,142 | 175,014 | 310,564 | 299,781 | 216,345 |
| Tenancies as at 31 Dec 2021 | 89 | 90 | 60 | 45 | 67 | 33 |
| Occupancy as at 31 Dec 2021 | 82.5% | 87.1% | 89.9% | 85.9% | 94.0% | 67.3% |
| Visitor Traffic FY2020 (million) | 4.0 | 2.8 |
1.9 | 1.9 | 1.9 | 0.7 |
| Acquisition Price (million RM) | 280.0 | 232.0 | 117.5 | 83.0 | 98.0 | 106.1 |
| Valuation (million RM) as at 31 Dec 2021 | 423.0 | 323.5 | 142.0 | 90.0 | 129.0 | 57.0 |