NTUC subsidary sells 50% stake in NEX - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: NTUC subsidary sells 50% stake in NEX (/Thread-NTUC-subsidary-sells-50-stake-in-NEX)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: NTUC subsidary sells 50% stake in NEX (/Thread-NTUC-subsidary-sells-50-stake-in-NEX)
NTUC subsidary sells 50% stake in NEX - SgWinner - 27-01-2023
to Fraser Property & Fraser Centrepoint Trust for $652.5m
Source :
https://www.edgeprop.sg/property-news/mercatus-sells-50-stake-nex-frasers-property-and-frasers-centrepoint-trust-6525-mil
RE: NTUC subsidary sells 50% stake in NEX - ysh02 - 27-01-2023
Will the name change to Fraser Centre Mall ?....
RE: NTUC subsidary sells 50% stake in NEX - K88 shu shu - 27-01-2023
NTUC profit gao gao.
RE: NTUC subsidary sells 50% stake in NEX - SgWinner - 27-01-2023
(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
RE: NTUC subsidary sells 50% stake in NEX - dynamite - 27-01-2023
Good. I like nex. And I have a lot of FP and FC.
RE: NTUC subsidary sells 50% stake in NEX - K88 shu shu - 27-01-2023
now NTUC also involved in property trades ?
RE: NTUC subsidary sells 50% stake in NEX - Harry Lee - 27-01-2023
Do they pay tax?
RE: NTUC subsidary sells 50% stake in NEX - starbugs - 27-01-2023
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.
RE: NTUC subsidary sells 50% stake in NEX - Ola - 27-01-2023
(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?
RE: NTUC subsidary sells 50% stake in NEX - ysh02 - 27-01-2023
So NTUC super market at 4th floor may change name to Fraser super market ?
RE: NTUC subsidary sells 50% stake in NEX - sclim - 27-01-2023
good la. trade union should concentrate money to promote well being of members.