Shares & Derivatives
PARAGON REIT FY2024 Financial Results
By My Sweet Retirement  •  February 16, 2025
On 11th February 2025, PARAGON REIT released its FY2024 financial results. PARAGON REIT has a portfolio of only four assets in  Singapore and Australia. In Singapore, the assets are Paragon and The Clementi Mall. The Rail Mall was divested last year. In Australia, PARAGON REIT owns a 50% freehold interest in Westfield Marion Shopping Centre, the largest regional shopping centre in Adelaide, South Australia. PARAGON REIT also owns an 85% interest in Figtree Grove Shopping Centre, a freehold sub regional shopping centre in Wollongong, New South Wales, Australia. On 22 November 2024, PARAGON REIT announced that it had entered into a put and call option deed to divest the  property. The divestment was completed on 31 January 2025. Recently, Paragon REIT has announced its plan to take the REIT private. I have made a video about privatization of REIT, and I hope that is helpful to you if you wish to understand privatization....
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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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