There was also “strong” leasing momentum for Hougang Mall with a precommitment occupancy of 74%, amid its ongoing asset enhancement initiatives (AEI), according to management.
With committed retail portfolio occupancy up 0.4 percentage points (ppts) q-o-q to 99.9% at end-June, Frasers Centrepoint Trust (FCT) exhibits “continued strength” in its prime suburban malls, say CGS International (CGSI) analysts Lock Mun Yee and Li Jialin.
According to FCT’s business update for 3QFY2025 ended June 30, occupancy was led by White Sands (up 1.3 ppts), Causeway Point (up 1 ppt), and Tiong Bahru Plaza (up 0.7 ppt).
