The retail scene in SG is just so fucked up. I wouldn't be surprised if escalating rentals triggered its exit.
To be replaced by NTUC .... so no worries....
Vivocity is owned and managed by Mapletree Commercial Trust ... ticker SGX.N2IU ... stock had a strong run-up over the last couple of months.
Price is a bit high presently though; good entry point would be slightly below $1.55.
My average stock price is $1.49 and i think it is a keeper.
Good catchment area - public library, Circle Line and NEL. Besides, once the Tanjong Pagar stretch of the Circle Line is completed alongside waterfront plans for the port area, being fully realized, this REIT will take off.
Not to mention this is the sole blockbuster mall taking centre stage insofar as fronting the gateway to Sentosa is concerned.
Didn't NTUC swallow Kopitiam whole a few months back?