Yes, I know recently many others are talking about the proposed restructuring of SPH and its CEO Ng Yat Chung who took umbrage at a reporter’s question at the press briefing.
Let’s take a break from SPH.
Personally I feel that Mapletree Commercial Trust (MCT) is one of the stronger listed REIT in the Singapore market.
To first understand about MCT, we must first think about the components within the REIT itself.
MCT Group’s properties comprises of VivoCity, Mapletree Business City (“MBC”) I and MBC II, mTower1, Mapletree Anson and Bank of America Merrill Lynch HarbourFront. The aggregate value of these properties was S$8,737.0 million as at 31 March 2021. FYI, mTower was formerly known as PSA Building. mTower is an integrated development with a 40-storey office block and a three-storey retail centre, ARC, with an aggregate NLA of 523,839 square feet.
Among these components and with reference to the gross revenue, the biggest contributor is from Vivocity (35.3%) followed by MBC I (26.9%)....