Waterway Point, of which a stake is being acquired by Frasers Centrepoint Trust. (Photo: REITsWeek)Waterway Point, of which a stake has been acquired by Frasers Centrepoint Trust. (Photo: REITsWeek)

Frasers Centrepoint Trust (FCT) is unfazed by the upcoming hike in goods and services tax (GST) even as it reiterates its commitment to remain a Singapore-focused REIT.

The Singapore government is widely expected to progressively raise the GST rate in Singapore from the present 7% to 9% in the coming months.

Related: Frasers Centrepoint Trust ready to acquire Northpoint City South Wing, says its CEO

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.