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CMT's distribution per unit up 0.4% for Q2

It is looking to reposition malls that are not doing well amid the challenging retail landscape

Declines in occupancy rates were more pronounced at Westgate mall and Bedok Mall in the first half, where the rates dipped from 99.6% to 96.6% and from 100% to 97.5% respectively.


CAPITALAND Mall Trust (CMT) reported a 0.4 per cent rise in distribution per unit for the second quarter ended June 30 to 2.75 cents, notwithstanding a challenging retail landscape and the closure of Funan for redevelopment.

Tony Tan, CEO of the Reit manager, said he sees...

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