Should I invest in CapitaMall Trust (SGX: C31) or Frasers Centrepoint Trust (SGX: J69U) as my first REIT?

Fraser Centrepoint trust is a smaller REIT but its focus is geared towards heartland malls vis a vis Capland Mall REITs which have a higher proportion focused in the orchard belt.

So if you prefer investing in heartland malls (The mass market kind), fraser centrepoint trust will be the REIT to go to. Personally, I also prefer FCT because it has higher yield and a potential redevelopment gem in its "Causeway Point" which is set to see a larger footfall when Woodlands become an MRT interchange​​​

Hey there! I just answered a similar question to this - It seems like it's always a choice between these 2 powerhouse! However I must say that I am not an investor in either.. Though I sure hope to be one, but right now they are trading at too low yield!

For ease of reference:
For me, I have a bias preference to Capitaland. I used to be pro-Frasers (in all their REITs actually) because of their prices but I came to the realisation that it's never about the price, it's the underlying business quality (and locations for REITs).

If you noticed, Capitaland malls are mostly nearer to MRT as compared to Frasers. I believe this is due to their link with the government, so in a way they get the "advantage" on the locations. For Frasers, I think one of the better ones is Northpoint.

By at the end of the day, I think it's okay to have a stake in each of them, both are pretty solid!