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FCT's principal activity is to invest in income-producing properties used primarily for retail purposes, in Singapore and overseas. Its primary objectives are to deliver regular and stable distributions to unitholders and to achieve long-term capital growth. The objectives are achieved through a combination of its organic, enhancement and acquisition growth strategies. FCT also owns a 31.15% equity stake in an associate of FCT, Hektar Real Estate Investment Trust, which is listed on the Main Market of Bursa Malaysia Securities Berhad.
FCT's portfolio comprises six quality suburban malls in Singapore with a total appraised value of $2.67 billion as at 30 September 2017. These malls are Causeway Point, Northpoint City North Wing (including Yishun 10 retail podium), Changi City Point, Bedok Point, YewTee Point and Anchorpoint. FCT's suburban malls are located in residential areas with good shopper catchment and connectivity to public transport, and they offer the shoppers a wide range of products and services that cater to their convenience, necessity shopping needs and dining options. The malls enjoy high occupancy and steady shopper traffic which underpin the stability of FCT's net property income.
FCT has achieved steady portfolio growth and delivered stable distribution returns to unitholders through prudent capital management and successful execution of its growth strategies. Its total assets grew from S$938 million at its initial public listing to S$2.75 billion as at 30 September 2017. The distribution per unit to unitholders also grew steadily to 11.90 cents in FY2017 at a compounded annual growth rate of 6.4% over the eleven years since its listing.
FCT is managed by the Manager of FCT, Frasers Centrepoint Asset Management Ltd., a real estate management company and a subsidiary of Frasers Centrepoint Limited.
Frasers Centrepoint Trust
Trustee's Registered Address
HSBC Institutional Trust Services (Singapore) Limited
10 Marina Boulevard
Marina Bay Financial Centre Tower 2 #48-01
Singapore 018983
Trustee's Mailing Address
HSBC Institutional Trust Services (Singapore) Limited
10 Marina Boulevard
Marina Bay Financial Centre Tower 2 #45-01
Singapore 018983
Auditor
KPMG LLP
16 Raffles Quay, #22-00 Hong Leong Building
Singapore 048581
Partner-in-charge: Ms Sarina Lee
Website address: www.kpmg.com.sg
Bankers
BNP Paribas
Crédit Industriel et Commercial
Citibank N.A.
DBS Bank Ltd
Oversea-Chinese Banking Corporation Ltd
Standard Chartered Bank
Unit Registrar
Boardroom Corporate & Advisory Services Pte Ltd
50 Raffles Place, #32-01 Singapore Land Tower
Singapore 048623
Phone: (65) 6536 5355
Fax: (65) 6536 1360
Website address: http://www.frasersproperty.com/reits/fct
The manager
Registered Address
Frasers Centrepoint Asset Management Ltd
438 Alexandra Road, #21-00 Alexandra Point
Singapore 119958
Directors of the manager
Dr Cheong Choong Kong (Chairman)
Chairman, Non-Executive (Independent)
Mr Ho Chai Seng
Non-Executive (Independent)
Mr Ho Chee Hwee Simon
Non-Executive (Non-Independent)
Ms Koh Choon Fah
Non-Executive (Independent)
Mr Low Chee Wah
Non-Executive (Non-Independent)
Audit, risk and compliance commitee
| Name | Position |
|---|---|
| Ms Koh Choon Fah | Chairman |
| Dr Cheong Choong Kong | Member |
| Mr Ho Chai Seng | Member |
| Mr Ho Chee Hwee, Simon | Member |
Nominating and remuneration committee
| Name | Position |
|---|---|
| Mr Ho Chai Seng | Chairman |
| Dr Cheong Choong Kong | Member |
| Ms Koh Choon Fah | Member |
| Mr Ho Chee Hwee, Simon | Member |
Company secretary
| Name |
|---|
| Ms Catherine Yeo |
Corporate governance
Frasers Centrepoint Asset Management Ltd. (the "Manager"), as Manager of Frasers Centrepoint Trust ("FCT"), is committed to upholding high standards of corporate governance to preserve and enhance FCT's asset value so as to maximise the returns from investments, and ultimately the distributions and total return to unitholders of FCT ("Unitholders").
The Manager has general powers of management over the assets of FCT. The Manager's main responsibility is to manage FCT's assets and liabilities for the benefit of Unitholders. It will ensure that the business of FCT is carried on and conducted in a proper and efficient manner. The Manager also ensures that applicable laws and regulations such as the listing rules of the SGX-ST, the Code of Collective Investment Schemes and the Securities and Futures Act, are complied with. It also supervises the property manager in its day-to-day management of the malls of FCT, namely, Causeway Point, Northpoint, Changi City Point, Bedok Point, YewTee Point and Anchorpoint, pursuant to property management agreements entered into for each mall.
The primary role of the Manager is to set the strategic direction for FCT. This includes making recommendations to the Trustee on acquisitions, divestments and enhancement of assets. As required under the licensing regime for REIT managers, the Manager holds a Capital Markets Services licence issued by the Monetary Authority of Singapore to carry out REIT management activities.
Whistle-Blowing PolicyFCT's corporate governance reports
You can download FCT's Corporate Governance Reports from the links below:
FY2021
FY2021
27 Dec 2021 | PDF (183 KB)
FY2020
FY2020
29 Dec 2020 | PDF (227 KB)
FY2019
FY2019
23 Dec 2019 | PDF (190 KB)
FY2018
FY2018
21 Dec 2018 | PDF (122 KB)
FY2017
17 Jan 2017 | PDF (126 KB)
FY2016
21 Dec 2016 | PDF (510 KB)
FY2015
17 Jan 2015 | PDF (164 KB)
FY2014
17 Jan 2014 | PDF (335 KB)
FY2013
17 Jan 2013 | PDF (79 KB)
FY2012
17 Jan 2012 | PDF (70 KB)
FY2011
17 Jan 2011 | PDF (118 KB)
FY2010
17 Jan 2010 | PDF (561 KB)
FY2009
17 Jan 2009 | PDF (1472 KB)
FY2008
17 Jan 2008 | PDF (102 KB)
FY2007
17 Jan 2007 | PDF (122 KB)
