Mapletree Pan Asia Commercial Trust *Official* (SGX:N2IU)

[addict951]

Counter at highest ever since IPO in 2011. Woohoo

 

[Dividends Warrior]

Counter at highest ever since IPO in 2011. Woohoo

Library is opening on 12 Jan, 3rd floor

 

[addict951]

Wah, X’mas that weekend I went to Vivo ****. Nong Nong time Nv go riao. Wah run!!! Ppl mountain ppl sea ****! Very gd sign.
Btw, is it the only shopping Ctr with the last remaining Carl’s Jnr??

 

[Paul Lee]

Btw, is it the only shopping Ctr with the last remaining Carl’s Jnr??

No lah. According to their website , there are outlets in Jurong Pt, Star Vista, Singpost Centre and Marina Sq.

 

[aircraft]

Library is opening on 12 Jan, 3rd floor

I heard library no need pay rent. Govt give extra space, but it'll still eat into the rentable space right?

 

[havetheveryfun]

I heard library no need pay rent. Govt give extra space, but it'll still eat into the rentable space right?

heard from who ?

but lets say if they really dont need to pay rent, their staff need to eat and would probably eat in the same shopping center food court or restaurants!

the library also attract family crowds and bring traffic to the mall ! especially familees with young children with kiasu parents and send them for "brain-opening" classes in the same mall!

basically it is still a good deal for some malls even if the library is not going to pay any rent, because the traffic and crowd it attracts can help greatly in many other areas!

 

[aircraft]

heard from who ?

but lets say if they really dont need to pay rent, their staff need to eat and would probably eat in the same shopping center food court or restaurants!

the library also attract family crowds and bring traffic to the mall ! especially familees with young children with kiasu parents and send them for "brain-opening" classes in the same mall!

basically it is still a good deal for some malls even if the library is not going to pay any rent, because the traffic and crowd it attracts can help greatly in many other areas!

From this straitstimes article.

https://www.straitstimes.com/lifestyle/arts/new-vivocity-library-will-draw-15m-visitors-nlb

 

[Dividends Warrior]

From this straitstimes article.

https://www.straitstimes.com/lifestyle/arts/new-vivocity-library-will-draw-15m-visitors-nlb

Higher foot traffic means the management can justify raising future rental rates at Vivocity.

 

[Tornesoul]

I heard library no need pay rent. Govt give extra space, but it'll still eat into the rentable space right?

There is a gov rule regarding adding public facilities, this allowed vivo to increase nla/gfa. Hence if im not wrong, this allowed b1 extension to happen

I cant rmb the name off hand and im on mobile.

Source: mct representatives at 2018 reit symposium, i also managed to find it online after the event

Sent from Xiaomi REDMI NOTE 6 PRO using GAGT

 

[Tornesoul]

Found it, CSFS. Community/sports facilities scheme

https://www.ura.gov.sg/Corporate/Guidelines/Circulars/dc14-01

Sent from Xiaomi REDMI NOTE 6 PRO using GAGT

 

[aircraft]

There is a gov rule regarding adding public facilities, this allowed vivo to increase nla/gfa. Hence if im not wrong, this allowed b1 extension to happen

I cant rmb the name off hand and im on mobile.

Source: mct representatives at 2018 reit symposium, i also managed to find it online after the event

Sent from Xiaomi REDMI NOTE 6 PRO using GAGT

If the B1 expansion was indeed allowed to compensate the space given to the library, then the expected increased in traffic (due to library) will be without lost of fix income from rent. That's good.

 

[BeHappyLo]

Just sit still and collect handsome DPU. This is my biggest REIT and it has a bright future. The southern corridor will boom even more with big developments on URA’s drawing board.

today the reit announced small increase in DPU……….the best is yet to be for this reit…….just sit on my hands to enjoy the magic of the management team.

 

[VanquishShadow]

https://financialhorse.com/sell-mct-reits-2019/

i share this guy's views. valuations a bit too lofty as the price passed 1.80, not sure if its justified.

foot traffic at vivo feels a bit lower as there is no more Giant. impact on NPI could be partly offset by the opening of the library, but i suspect families who need to buy groceries may take their dollars elsewhere for the time being.

not clear if Fairprice will open in early or late 3Q, nonetheless I expect some weakness in vivo's foot traffic thru 1H2019.

there is also a good point raised by another financial blogger about the *potential* shift of PSA from PSA building to its new HQ sometime in 2020...

 

[madtari]

The space is given or leased to NLB? NLB no need to pay rent meh?

If the B1 expansion was indeed allowed to compensate the space given to the library, then the expected increased in traffic (due to library) will be without lost of fix income from rent. That's good.

 

[heng_ah]

The space is given or leased to NLB? NLB no need to pay rent meh?

I think no need if it is given under URA's Community and Sports Facilities Scheme (CSFS)

 

[Alphidius]

Seems like MCT is at an all time high at 2.05ish...
Bought at IPO 0.87 but only got 3000 units...

Feel like selling an reinvesting, anyone got suggestions on where to put my money?

 

[wutawa]

Seems like MCT is at an all time high at 2.05ish...
Bought at IPO 0.87 but only got 3000 units...

Feel like selling an reinvesting, anyone got suggestions on where to put my money?

If u got at least $10k, put in maybank isavvy saving acct

 

[Alphidius]

If u got at least $10k, put in maybank isavvy saving acct

Not interested in banking products...
Looking more at REITs or other high yielding stocks...

 

[Guojing88]

I think no need if it is given under URA's Community and Sports Facilities Scheme (CSFS)

Yes, no need to pay rent. The main benefit to MCT is not only the likelihood of repeat visits, which has spill over benefits to the rest of the retailers in the mall, but also this idea of bonus GFA.

The max Gross Floor Area is decided by URA rules, but if a mall is willing to accommodate building a public library in this case, they are allowed to gain a bonus GFA over and above the max.

MCT used this bonus GFA to expand one of their basements, according to their latest annual report.

 

[Dividends Warrior]

More good years ahead!