S-Reits With Singapore Office Assets Sanguine On Rental Outlook (The Business Times)

February 7, 2022 – ACCORDING to data from the Urban Redevelopment Authority (URA), office rental prices in Q4 2021 have improved by 0.9 per cent quarter on quarter.

The improvement in Q4 2021 comes after a decline of 3.5 per cent in the previous quarter. On a year-on-year basis, office rents have improved by 1.9 per cent in 2021, after dipping over 8.5 per cent in 2020.

Office vacancy rates have also shown a slight improvement in the latest Q4 2021 at 12.8 per cent.

Listed in Singapore are 5 S-Reits with significant exposure to local office assets: CapitaLand Integrated Commercial Trust (CICT), CapLand IntCom T: C38U -0.97% Mapletree Commercial Trust (MCT), Mapletree Com Tr: N2IU -1.65% Suntec Reit, Suntec Reit: T82U -1.28% Keppel Reit, Keppel Reit: K71U -0.9% and OUE Commercial Reit. OUE Com Reit: TS0U +2.38% Three have reported full-year 2021 results.

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