Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223984
Title: EFFECTS OF OWNERSHIP TYPE ON MALLS � SUCCESS: REIT-OWNED MALLS VERSUS STRATA-TITLED MALLS
Authors: FOONG JIA YIN LOUISA
Keywords: Real Estate
RE
Chin Kein Hoong Lawrence
2012/2013 RE
Issue Date: 16-Apr-2013
Citation: FOONG JIA YIN LOUISA (2013-04-16). EFFECTS OF OWNERSHIP TYPE ON MALLS � SUCCESS: REIT-OWNED MALLS VERSUS STRATA-TITLED MALLS. ScholarBank@NUS Repository.
Abstract: The success of retail Real Estate Investment Trusts (REITs) is evident from the increase in REIT-owned mall stocks over the past few years. After CapitaLand’s decisive move to securitise its assets, some real estate market leaders are adopting the same approach. Some of them include SUNTEC REIT and Frasers Centrepoint Trust. On the other hand, older existing malls especially that of strata-titled retail malls, are facing stiff competition especially from REIT-owned malls in the last decade. Despite not having a regularized control over operations, shoppers are still patronizing such of these malls, which also supports some of the competitive rentals. Since the introduction of REITs in Singapore’s retail scene in 2002, shopping malls have gone through at least three cycles of leases, each cycle to typically be three years. Thus, it is interesting to explore the differences between these two categories of malls in terms of their rentals, the drawing factors of the malls to shoppers and the analysis of nature of ownership and management. Quantitative methods, which include hedonic regression and descriptive statistics, are used to test if the hypothesis that REIT-owned malls perform better than strata-titled malls is correct. Interviews with Managing Agents and some tenants will also be carried out to examine key differences of the nature of ownership of shopping malls.
URI: https://scholarbank.nus.edu.sg/handle/10635/223984
Appears in Collections:Bachelor's Theses

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