[SgWinner]

to Fraser Property & Fraser Centrepoint Trust for $652.5m

Source :
https://www.edgeprop.sg/property-news/me...t-6525-mil

[ysh02]

Will the name change to Fraser Centre Mall ?....

[K88 shu shu]

NTUC profit gao gao.

[SgWinner]

NTUC profit gao gao.

Cash rich also after selling Jurong Point & Thomson Plaza for $2b+ recently last month

[dynamite]

Good. I like nex. And I have a lot of FP and FC.

[K88 shu shu]

now NTUC also involved in property trades ?

[Harry Lee]

Do they pay tax?

[starbugs]

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.

[Ola]

Do they pay tax?

NTUC FP do not pay rental 

NTUC properties must pay property tax?

[ysh02]

So NTUC super market at 4th floor may change name to Fraser super market ?

[sclim]

good la. trade union should concentrate money to promote well being of members.