Dr Chew Tuan Chiong
Dr Chew is the Chief Executive Officer of Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust. Prior to joining the corporate world, Dr Chew was the Chief Executive of Science Centre Singapore, a government statutory board, from 1995 to 2009. Before that, he was an Associate Professor at the National University of Singapore. Dr Chew also worked at Daimler Benz in Germany and British Gas plc in the UK. He was also an adjunct Professor with the Lee Kong Chian Business School at the Singapore Management University.
Dr Chew is a Chartered Engineer and a Fellow of the Academy of Engineers Singapore. Dr Chew holds a PhD in Engineering from University of Cambridge, an M.Eng from the National University of Singapore, and a B.Eng (1st Class Hons) from Monash University. Dr Chew was awarded the Sugden Award by the Combustion Institute (UK) and the Public Administration Medal (Silver) (Singapore).
Frasers Centrepoint Trust
Frasers Centrepoint Trust (“FCT”) is a Singapore retail real estate investment trust (“REIT”) focused on suburban retail malls. FCT’s portfolio of six malls comprises Causeway Point, Northpoint (including Yishun 10 retail podium), Changi City Point, Bedok Point, YewTee Point and Anchorpoint. The aggregate appraised value of the properties is S$2.55 billion as at 31 December 2016. The malls are well-located in populous residential areas in the suburbs and are well-connected to public transportation system such as MRT stations and bus interchanges. The malls enjoy stable occupancy, high shopper traffic and steady rental growth.
FCT aims to be a leading retail REIT that delivers stable distribution per unit (“DPU”) growth to its Unitholders through (a) acquisition growth; (b) asset enhancement growth; and (c) organic growth through active lease management and positive rental reversions.
Since its listing in 2006, FCT has achieved 10 consecutive years of growth in revenue, net property income, total assets and distribution to unitholders. Distributions per unit to unitholders grew steadily from 6.55 cents in FY2007 to 11.764 cents in FY2016, representing a compounded annual growth rate of 6.9% over the 10-year period.