Frasers Centrepoint Trust's (FCT) committed occupancy for its retail portfolio dipped slightly to 99.7% in 3Q24 from 99.9% in 2Q24. Summary of Frasers Centrepoint Trust's 3Q24 results Frasers Centrepoint Trust (FCT) provided a business update for the fiscal year third quarter ended 30 June 2024. Frasers Centrepoint Trust's committed occupancy for its retail portfolio dipped slightly to 99.7% in 3Q24 from 99.9% in 2Q24. The decline in occupancy was driven by a decline in the occupancy rate of Century Square and Causeway Point. There was also a fall in the occupancy of Central Plaza (office), However, it managed to maintain more than 99% committed occupancy at every mall in is portfolio. Source: Frasers Centrepoint Trust Across its portfolio, shopper traffic growth in 3Q24 moderated to 4.1% year-on-year from 8.1% in 2Q24. Tenant sales growth also moderated to 0.7% year-on-year in 3Q24 from 4.3% in 2Q24. The slowdown in shopper traffic growth and tenant sales would be broadly inline with the decline in Singapore retail sales in the past quarter, as we noted...