Full rental contributions from completed AEIs at JCube, Bugis+ and Atrium@Orchard are starting to come in.
Positive rental reversions of 6.4% were achieved for new and renewed leases.
Overall occupancy rate remains high at 99.1%. An improvement from 98.3% in 1Q2013.
Quarterly DPU has increased 6.3% year-on-year.
Gearing ratio is still reasonable at 34.9%. No refinancing needs this year. All 14 properties held by CMT are now unencumbered, giving CMT greater financial capacity and flexibility.
West Gate Mall is expected to be completed on schedule and within budget by December 2013. So far, 70% of the space has been leased.
To prevent cannibalizing of sales between shopping malls in the Jurong Gateway area, JCube is differentiating itself as a sports and entertainment mall. IMM is expected to increase its number of ...
