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
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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