Mapletree Commercial Trust among potential beneficiaries from Greater Southern Waterfront: DBS.
DBS Group Research on Monday noted that the government's efforts to rejuvenate the Greater Southern Waterfront (GSW) area offers significant opportunities for developers, with Mapletree Commercial Trust (MCT) standing to gain as VivoCity, which is owned by the trust, is likely to remain the "bedrock of the GSW rejuvenation".
Other potential beneficiaries include Frasers Commercial Trust, which owns Alexandra Point and Alexandra Technopark in the vicinity; Keppel Corp; as well as Genting Singapore, from added revitalisation of the area, DBS analysts Derek Tan and Ho Pei Hwa said.
This comes after Prime Minister Lee Hsien Loong on Sunday shared plans on the development on the GSW in his speech during the National Day Rally.
Modern Singapore consists of "multiple layers and imprints of different eras", of which the GSW would add another layer, Mr Lee said. "There will be space for successive generations to fill with their hopes and dreams. Each new generation will leave their mark on our city, as their predecessors have done," he added.
Adapted from The Straits Times 20 Aug 2019