SPH REIT must be one of the fewer REITs with not much properties in its portfolio. In fact, there is only two which is Paragon and The Clementi Mall. There are news SPH REIT will add Seletar Mall to its portfolio.
Both Paragon and The Clementi Mall are at 100% occupancy. I have noticed there are no vacant shop spaces in Paragon and The Clementi Mall. If you have been to The Clementi Mall, you noticed that it is always bustling with people at any time. Perhaps it is also because of its proximity to the bus interchange and nearby schools.
I used to take part time night classes at Singapore Institute of Management (SIM) and I will grab a dinner prior to crossing the road to take the bus to school. I will say The Clementi Mall is situated at an excellent strategic location. (more…)