You are here

HOCK LOCK SIEW

Amid the gloom, room for optimism for CCT

Office landlord may be better prepared than most, amid an avalanche of office space set for completion in '16-'17

786.jpg
Going by property consulting group CBRE's figures, new completions of offices in the Core CBD will rise from zero last year to 2.5 million sq ft net lettable area (NLA) this year, followed by 604,250 sq ft in 2017 and 645,000 sq ft in 2018.

WHILE CapitaLand Commercial Trust (CCT), like other major office landlords, will face strong headwinds this year and next from the completion of a huge amount of office space on the island, it may also be better prepared than most.

Going by property consulting group CBRE's figures, new