Office REITs and landlords in Singapore are facing the spectre of slower rent growth in the next couple of years.

This is despite the flight-to-quality trend, which is seeing tenants moving into assets with higher specifications such as Grade A office buildings.

This was the assessment provided by Hwee Yee Ong, an associate at the corporate ratings division for S&P Global Ratings.

Ong was speaking at the agency’s recently held webinar on office REITs in the Asia-Pacific region, where she specifically discussed the Singapore market.

Related: Asia-Pacific office REITs face mixed fortunes in wake of pandemic, says S&P

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.