Office landlord CCT says firms still keen on leasing; posts 23.2% drop in Q2 DPU

Singapore

TECH and financial companies are still keen to lease office space, said Kevin Chee, chief executive of CapitaLand Commercial Trust's (CCT) manager. But tenants are also increasingly reconsidering how they use that space, he said, with many adopting a wait-and-see approach amid the Covid-19 pandemic.

"Today, what's happening is that many companies are asking themselves about their space needs going forward. This is a combination of first understanding the impact of Covid-19 and secondly, figuring how or what space requirements they need to meet these business needs," said Mr Chee in a webcast discussing CCT's results on Thursday.