My order for 5,000 shares of Mapletree Pan Asia Commercial Trust (SGX:N2IU) is filled today.
This will bring my existing holdings of MPACT to 20,000 shares.
The share price of MPACT has weakened severely ever since its merger with Mapletree North Asia Commercial Trust to lose its status as a pure Singapore Greater Southern Waterfront commercial property asset play.
The last time I increased my investment in MPACT was in July 2022 during its preferential offering at $2.0039 to raise funds for the merger with MNACT. I bought from open market 4,000 shares at $1.78 instead of subscribing to the preferential offer.
I have long been wanting to increase my investments in MPACT especially after every visit to the ever crowded Vivo City. However, I have not visited its other APAC assets such as Festival Walk in Hong Kong, Gateway Plaza in China and commercial properties in Japan which will require much more time to recover from tourism, retail and office space demand....