The 16th part of my investment portfolio in which objective is to create wealth to retire.
Stock : Frasers Centrepoint Trust
Frasers Centrepoint Trust (Frasers Cpt Trust, FCT) is another retail Reits apart from CapitaMall Trust that I all along wanted to invest in. With the restructuring of my investment portfolio last year (freeing up capital after 2 divestments so that I could dedicate a portion of it solely for this in the long run) and coupled with the selling down in global market start of this year, I managed to pick up a small portion of it at the price of $1.80.
FCT has assets in suburban area (Causeway Point, Northpoint, Changi City Point, Bedok Point, YewTee Point and Anchorpoint). These suburban malls typically consists of anchor tenant like supermarket chain (NTUC Fairprice, Cold Storage), food court chain (Kopitiam, Koufu, food republic, etc), fast food outlets (MacDonald, ......