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CCT flags rental pressure amid stiff rivalry

It posts a 10.1% jump in Q4 DPU on the back of higher contributions from CapitaGreen and Raffles City Singapore

Published Wed, Jan 18, 2017 · 09:50 PM

Singapore

CAPITALAND Commercial Trust (CCT) is seeing more negative rental reversions amid a short-term oversupply of new offices and keen competition among office landlords.

But CapitaGreen, which became wholly owned at end-August last year, is expected to support stable distributions at least in 2017, its trustee-manager CEO Lynette Leong told a briefing on Wednesday.

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