Time to relook Singapore office Reits as China tech giants spur demand: DBS
Grade A prime CBD office landlords such as CCT and Keppel Reit seen as potential beneficiaries
Singapore
DBS Group Research on Wednesday reiterated its positive stance on Singapore office real estate investment trusts (Reits), citing a potential upcycle in office demand, spurred by the expansion plans of Chinese tech giants.
In their report, analysts Rachel Tan and Derek Tan pointed to recent news that Tencent had picked Singapore as its Asia hub after setbacks in the United States and India, with other Chinese giants, including Alibaba and ByteDance, also reportedly making plans to expand in the Republic.
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