Improved collections drive FMP income

FMP reported that a blue-chip tenant occupied its new office block at Arundel Office Park during the quarter, reflecting continued demand for modern commercial space.

IMPROVED tenant collections and rising rental income lifted First Mutual Properties (FMP)’s net property income by 30 percent year-on-year during the first quarter ended March 31, 2026, despite headwinds in the property market. The property firm, a subsidiary of First Mutual Holdings, saw its net property income increasing to US$1,34 million from US$1,03 million in…

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