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(27-01-2023, 08:25 AM)K88 shu shu Wrote: NTUC profit gao gao.
Cash rich also after selling Jurong Point & Thomson Plaza for $2b+ recently last month
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Good. I like nex. And I have a lot of FP and FC.
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now NTUC also involved in property trades ?
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Fraser picked up NEX after Link Reit declined to buy in the earlier package with Jurong Point.
Link Reit is pretty shrewd and I think Fraser probably overpaid. I mentioned this in the HWZ FCT thread but those folks are plagued by confirmation bias.
Also, the area around NEX has no to little growth potential except a polyclinic going to be built opposite and there is an empty plot by the side, which is likely to be a competing shopping mall cum office.
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(27-01-2023, 11:34 AM)Harry Lee Wrote: Do they pay tax?
NTUC FP do not pay rental
NTUC properties must pay property tax?
Why do we need 5 Mayors and 80 PAP Ministers?
>
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So NTUC super market at 4th floor may change name to Fraser super market ?
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good la. trade union should concentrate money to promote well being of members.