I thought I dropped by for Mapletree Commercial AGM this year.

It is actually one of the larger positions in my portfolio and has a paper gain of about 45% since I bought it.

Well, like the prior AGM I attended at Mapletree Business City Town Hall, there’s a huge amount of investors in their 40s onwards. And this time, it was so full that I had the privilege of sitting in a seminar room to watch it remotely. I guess it is a blessing in disguise as I had a table and more space.

So here we go:

Regarding their properties Office and Business Park renewals are focused on the emphasis on preserving cashflow, as potential headwinds are coming The business parks are not as easy to lease due to their underlying title and specified use although MBC Block 10 is an office while Block 20 and 30 are business parks,