Keppel REIT chief executive Chua Hsien Yang has allayed concerns over potential vacancy at a prime CBD asset in Singapore, saying the Singapore office market remains robust enough to secure replacement tenants at significantly higher rental rates.
Speaking during the REIT's earnings call on 4 February, Chua addressed media reports that a major tenant, ANZ, would be leaving Ocean Financial Centre when its lease expires in October 2026.
Keppel REIT recently reported distributable income from operations of SGD192.4 million for the full year 2025, a decline of 1.1% year-on-year, though this would have risen 6.3% if management fees were paid entirely in units.
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