Office Reits to outdo industrial: StanChart

SINGAPORE's office real estate investment trusts (Reits) are likely to offer higher dividend yields than industrial Reits by 2016, said Standard Chartered Research.

This will be on the back of rising supply of business park space, which will depress rents. Warehouse rents are also predicted to fall.

But the bank is more sanguine about prospects for the Singapore office sector.

In an equity research note yesterday, StanChart issued a call to buy office Singapore Reits (SReits), Ca…