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...