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
Dear members, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?