Shares & Derivatives
Frasers Centrepoint Trust Divest Changi City Point
By My Sweet Retirement  •  September 5, 2023
On 30th August 2023, Frasers Centrepoint Trust announced the proposal to divest Changi City Point for a consideration of S$338.0 million in cash. The sale is approximately 4% above the valuation of S$325.0 million as at 31 July 2023. The estimated net gain and capital gain are approximately S$10.9 million and S$20 million, respectively. The manager shared that the divestment is part of their strategic portfolio review to strengthen the resilience of Frasers Centrepoint Trust’s portfolio and is in line with their long-term objective to create value for Frasers Centrepoint Trust’s unitholders.
Improved Occupancy As an investor of Frasers Centrepoint Trust, I totally agree with the manager statement in terms of strengthening the resilience of their portfolio. Based on my opinion, Changi City Point has been underperforming for many years. In the FY23Q3 business update, the occupancy for Changi City Point has fallen...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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