Brokers' take
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore Office Reits
DBS Group Research, June 7
Asia Square Tower 1 has reportedly been sold to Qatar Investment Authority (QIA) for a record price of S$3.4 billion. This implies a price of S$2,667.5 psf NLA for the tower which comprises close to 1.2 million sq ft of office space and 40,000 sq ft of retail area. Assuming an average rent of S$10-11 psf, this implies a net yield of 3.1-3.2 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Malaysia tourism hit by fuel shock; tour prices may jump 50%
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
