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Suburban malls doing better than those in central region; FCT among top picks: OCBC

Fri, Nov 13, 2020 - 5:50 AM

Rachel Muirachmui@sph.com.sg@RachelMuiBT

FCT, whose portfolio includes Northpoint City, has been ranked by OCBC as the most resilient as it is predominantly a suburban mall Reit.

PHOTO: FRASERS PROPERTY

Singapore

SUBURBAN malls are outperforming those located elsewhere even as online shopping gains in popularity, OCBC says.

In a commentary on Singapore retail real estate investment trusts (Reits), OCBC credit analyst Seow Zhi Qi noted that online sales rose to a high of S$479...

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