Suntec REIT/ CMT

SG Supermarket/Suntec REIT/ CMT: Initial concerns on the vacancy created by Carrefour appears to be resolved, after Dairy Farm Singapore says it has signed a lease to open a new Giant hypermarket chain at Suntec City. It is also exploring the possibility of taking over the space at Plaza Singapura after Carrefour ends its lease. Note that Dairy Farm is the owner of Coldstorage and Giant in SG, and the second biggest supermarket operator after NTUC.