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Would PSA Move out of Mapletree Commercial Trust’s PSA Building in 2 Years Time?
By Investment Moats  •  January 30, 2019

As early as July 2016, I wrote about the uncertainties surrounding Frasers Commercial Trust (FCOT), a Singapore/Australia commercial office REIT.

Of a few uncertainties, one of the biggest was that their anchor tenant HP Singapore and Enterprises moving out of their premises in Alexandra Technopark and into their own premises, built by Mapletree Industrial REIT.

HP eventually moved out of ATP, agreeing to sign on to Alexandra Technopark on very short leases.

My friend Caveman did observe something of a similar nature while reviewing Mapletree Commercial Trust’s recent results.

Seeing the results triggered him to remember an order announced by local construction firm Lum Chang.

The announcement was that Lum Chang worn a contract to build PSA Singapore’s corporate headquarters and some alteration works on Pasir Panjang Terminal Building 3.  The construction would estimate to be in 2 years so we should see it being ready in 2020.

While this

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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