Nov 25 2024
CICT’s big bet on Singapore’s office and retail future: PropertyBT
Singapore’s Reits have had a tough couple of years. Despite the challenging environment, recently, CapitaLand Integrated Commercial Trust (CICT), Singapore’s biggest Reit, made a major bet to acquire 50 per cent of the iconic Ion Orchard mall. In this episode, senior correspondent Leslie Yee sits down with Tony Tan, CEO of CICT’s manager to discuss the trust's strategy to capture the luxury retail market, the dynamics of Singapore's office supply and demand, and the challenges facing Reits amid a volatile interest rate environment. Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT from The Business Times shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Highlights of the podcast: 01:36 Singapore's office market amid remote work trends 04:56 Challenges and strategies for Singapore malls 08:18 The Ion Orchard acquisition 10:57 Singapore as a competitive office and retail destination 13:23 CICT’s valuation and Reit outlook Read Leslie’s articles: Win-win investment property deals exist, but lower interest rates raise risk of bad deals Ride the S-Reits revival via market leaders CICT and CapitaLand Ascendas Reit --- Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. --- Written and hosted by: Leslie Yee (lyee@sph.com.sg) With Tony Tan, CEO of the manager of CapitaLand Integrated Commercial Trust. Edited by: Emily Liu & Claressa Monteiro Produced by: Leslie Yee & Emily Liu Engineered by: Chai Pei Chieh --- Follow BT Correspondents: Channel: bt.sg/btcobt Amazon: bt.sg/btcoam Apple Podcasts: bt.sg/btcoap Spotify: bt.sg/btcosp YouTube Music: bt.sg/btcoyt Website: bt.sg/btcorresp Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.