Charging S$8,900 or more a month for assisted living at Parry Avenue not a deal breaker

[SINGAPORE] Pua Seck Guan made waves as the chief executive of then CapitaMall Trust – the first listed real estate investment trust here.

He led its manager when the trust listed in July 2002 and was CEO until November 2008. Under Pua, the Singapore retail-focused trust grew rapidly – driven by acquisitions, asset enhancements and active leasing.

Between the trust’s listing debut and end-2007, its unit price grew 260 per cent, distribution per unit rose 97 per cent and total return was 319 per cent. Asset size and market capitalisation grew 541 per cent and 712 per cent, respectively.