Posts: 315
   
Threads: 37
    
Likes Received: 47 in 42 posts
Likes Given: 1
(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
Posts: 8,356
   
Threads: 652
    
Likes Received: 1,711 in 1,532 posts
Likes Given: 93
Good. I like nex. And I have a lot of FP and FC.
Posts: 9,844
   
Threads: 34
    
Likes Received: 3,073 in 2,663 posts
Likes Given: 545
now NTUC also involved in property trades ?
Posts: 1,784
   
Threads: 32
    
Likes Received: 702 in 529 posts
Likes Given: 120
Posts: 4,424
   
Threads: 98
    
Likes Received: 1,268 in 1,007 posts
Likes Given: 281
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.
Posts: 14,130
   
Threads: 487
    
Likes Received: 5,972 in 4,772 posts
Likes Given: 4,632
(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?
>
Posts: 4,547
   
Threads: 40
    
Likes Received: 638 in 598 posts
Likes Given: 48
So NTUC super market at 4th floor may change name to Fraser super market ?
Posts: 1,839
   
Threads: 2
    
Likes Received: 317 in 280 posts
Likes Given: 170
good la. trade union should concentrate money to promote well being of members.