Meanwhile, Tampines 1 has achieved a leasing commitment of 97% of its AEI spaces. The first batch of completed units were handed over and commenced operations in December 2023, with overall AEI on track for completion by September.
Frasers Centrepoint Trust (FCT) (SGX:J69U
) has reported improved performance for its malls in 1QFY2024 ended Dec 31 as retail committed occupancy rose to 99.9%.
The portfolio’s committed occupancy, excluding Tampines 1 which is undergoing asset enhancement initiatives (AEIs), improved 0.2 percentage points q-o-q and 1.5 percentage points y-o-y, falling only 0.1% shy of full committed occupancy.
