Convenience, weather, Time , Money factor in buying J69UI have asked my friends who stayed in the East and West how often do they come to Northpoint to shop or eat. They said hardly. This is also true for me who stays in the North and only if I happened to pass by the East or West side, would I go to the malls to checkout/take my meals.
Therefore, in choosing Retail Reits, I like to go and see how the business is on both weekdays and weekends. Northpoint City after the merge of North and South Wing have definitely boost the business a lot ! Even on weekdays, you can find most of the cafes - Toast Box, Fun Toast ,Starbucks, even the foodcourts filled with people ! That is a GOOD sign that business is thriving !
Compared to CICT and MPACT, it enjoys a slightly higher dividend , lower gearing ratio ,etc. They said SG is small but they forgot how HOT and HUMID the weather is. As I do not drive and rely mainly on public transport, it takes time to travel to both the east and west side, to and fro will take 2 hours ! Time is of essence to a married man who has to juggle between his work and family! So, he will not have too much free time on hand to go window shopping, haha.
Last, most of the F&B shops in these malls are relatively the same so why bother to travel so far to eat ! I am vested in both FCT and MPACT for now and see this as a good opportunity to average down on FCT at current price.
Please DYODD
Long
