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.
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