This is one Singapore REIT you might want to own in your portfolio.
In my last write-up, there’s one thing I’ve not covered about Frasers Centre Point (SGX:J69U) but I’ll tell you here.
Well, first things first, FCT is one of the biggest Singapore retail REIT. At a market cap of S$4 billion, FCT owns nine high-quality ‘heartland’ malls.
Heartland malls are not the high-end malls we see along Orchard Road belt.
Instead, heartland malls are located in the heart of Singapore’s suburban regions. They are near homes and within minutes of the MRT stations.
Heartland malls serve a different function. Residences go there to buy groceries, daily essentials and dining. It’s a “last-mile” delivery hub for residences.
Imagine this: you get off the MRT from work, drop by the nearest shopping mall to grab dinner and buy last minute groceries. On weekends, heartland malls are the “go-to” family entertainment.
That’s why…...