Frasers Centrepoint Trust sells Changi City Point for $338 mil
Singapore-based real estate investment trust, Frasers Centrepoint Trust, has recently made a substantial sale by offloading its retail property, Changi City Point, for a staggering $338 million. This move highlights the trust’s strategic decision to streamline its portfolio, consequently generating additional capital for future investments. The transaction not only signifies attractive prospects for investors but also demonstrates resilience in the ever-evolving Singaporean real estate market.