Frasers Centrepoint Trust (FCT) is a Singapore-based real estate investment trust (REIT) that focuses on suburban retail malls. Established in 2006 and listed on the Singapore Exchange, FCT owns and manages a portfolio of well-located malls that cater primarily to residential catchment areas with strong shopper traffic.
Its key assets include Causeway Point, Northpoint City North Wing, Waterway Point (50% stake), Tampines 1, Century Square, White Sands, and Hougang Mall. These malls benefit from steady consumer demand due to their essential retail mix, proximity to transport hubs, and strong tenant base, which includes supermarkets, food & beverage outlets, and essential services.
In recent years, FCT has focused on strengthening its portfolio by divesting non-core assets and acquiring stakes in high-performing malls, such as its increased ownership in Waterway Point. Given the resilience of Singapore’s suburban retail sector, FCT remains an attractive option for income-focused investors seeking stable dividends with potential long-term appreciation....