Singapore

THE manager of Frasers Centrepoint Trust (FCT) on Tuesday (Jan 25) reported that committed occupancy for the retail portfolio was stable at 97.2 per cent in Q1 FY2022 ended December, on the back of new retail concepts and brands introduced to refresh shopper experience and ensure sustainable trading.

In a business update after market close, FCT's manager said the trust showed a "resilient performance" despite the continuing impact from the Covid-19 pandemic. There was also still healthy demand for retail spaces within FCT's well-located and dominant suburban retail malls in Q1.