FMP bets on retail to kickstart Golden Stairs project

FMP’s rental income increased by four percent in 2025, supported by reviews implemented by the property management team

FIRST Mutual Properties (FMP) says it is prioritising a ‘retail-first rollout’ for its 24-hectare Golden Stairs project in Mount Pleasant, aiming to unlock quick cash flows from key commercial units.Advertisements This comes as the country’s property sector is experiencing firm demand for retail space amid relative macroeconomic stability, although net in­comes remain under pressure from…

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