I visit Anchor Point from time to time and have always wondered whether I should be investing in Frasers Centrepoint Trust. OCBC recently maintained a buy rating on FCT. On one hand, I am tempted to buy but on the other, I am a little skeptical since many of FCT's assets are in suburban areas. Having witnessed the shoppers and traffic flow at Anchor Point, I am not so certain whether tenants there are profitable or not. Have also seen the bookshop change hands a few times over the past years. The crowd on weekends are good but nothing fantastic.
Will probably just continue to monitor this before making any decision. Not vested yet.
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Hello there,
ReplyDeleteThank you very much for your time and energy in creating this blog in promoting this very important idea of financial freedom. In the world we live in today, this is more vital than ever before in being able to achieve whatever we need and whenever we need it. I've been involved in this for over 6-7 yrs personally and found that people are starting to realize this idea and begin to find out what has been keeping them from arriving to their financial freedom. Well, over the last 6-7 years of time, I have been doing quite a bit of research on this topic and found that the financial world as we know it is not what it appears to be; it is far far from what it appears to be actually. Anyway, I thought I would stop by and just drop in a few links here so that you can spread the words to even more people who are actually trying to improve on their financial situation. The information provided through these links might appear to be quite different than what you normally read or understand, but be a bit patient while you read them and go from there.
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Best to what you do and many blessings,
ryan
1. http://www.wssic.com/Downloads/GETTING%20BACK%20TO%20BASICS%20final.pdf
2. http://divinecosmos.com/start-here/davids-blog/1051-g7banks
Anchor Point is less than a 5% of the asset + it is a freehold property, it contribution to NPI is really small and is the only FCT properties not within walking distance to MRT.
ReplyDeleteThe reason why I choose FCT :
1. Causeway Point + Yishun Point ard 80% of the asset has 80 years of leased remain. Based on it, although the payout is around 6% but is still much better than industrial reit which only average leased of 30-40 years if you assume land cost will keep going up in future.
BTW I am invested FCT
FCT's main asset is still Causeway Point, which is contributes slightly more than half of gross revenue. Therefore I don't think Anchor Point is sufficient gauge. You should come look at CWP. In the coming recession, people will tend to shop in suburban malls, making this a highly defensive play.
ReplyDeleteAnchor Point is one of their weaker properties. The rest are better - eg. Causeway Point.
ReplyDeleteHi all,
ReplyDeleteAgree that Anchor Point is just a small asset in FCT's overall portfolio. I don't frequent the other malls owned by FCT so it will be good if there are people on the ground who can report on how business is looking like over there especially for places like Causeway Point.