Enlarged unit base sees Keppel Reit trimming Q1 DPU by 1.2 per cent

Singapore

KEPPEL Reit said on Thursday that the Singapore office market is expected to remain challenging these two years given the impending new supply.

"For Keppel Reit, 85 per cent of total leases is not due for renewal till 2018 and beyond and approximately 80 per cent of total leases is not due for renewal till 2019 and beyond, when limited new office supply is expected," it said.