Shares of office landlords surge on expected return of office workers
Meanwhile, analysts expect Singapore's fair tenancy guidelines to have neutral to minimal impact on business costs of retail Reits
Add BT as a preferred source
Singapore
SHARES of office landlords have been gaining since the government's announcement last week that a bigger proportion - up to 75 per cent - of staff can return to the workplace from April 5.
Units of Keppel Reit on Tuesday rose 0.8 per cent to hit a one-year high of S$1.24, the highest it has been in a year. United Industrial Corp, which owns assets such as Singapore Land Tower, Clifford Centre and SGX Centre, rose 1.1 per cent to a one-year high of S$2.67, while Suntec Reit added 1.3 per cent to S$1.58, and CapitaLand Integrated Commercial Trust gained 1.4 per cent to S$2.18.
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
