Office Property

BROKERS’ TAKE

Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside

They name a few buy-rated stocks, and expect core CBD rents to rise

Lai Sun Development entered into an agreement to sell a 50% stake in the 27-storey office tower to Jasmine Investment Development IV.

JD.com to buy stake in Hong Kong’s CCB Tower for HK$3.5 billion

Lai Sun Development has been seeking to offload assets to improve liquidity

The Clementi Mall is a five-storey shopping mall next to Clementi MRT station. Its 99-year leasehold tenure began in in 2010, leaving a balance term of close to 84 years.

The Clementi Mall sale: Property firm Elegant Group and the family behind it

[SINGAPORE] An entity linked to Zhao Zhichao of property firm Elegant Group is believed to have purchased The Clementi Mall in a deal worth $809 million.

NTT Docomo has already approached several potential buyers, including major property companies.

NTT Docomo weighs selling real estate for more than $600 million

Any transactions would be limited to the land only and won’t include the buildings

The Reit's move comes amid continued headwinds in the US office sector.

Manulife US Reit proposes strategic pivot to retail, living, industrial sectors

It seeks mandates for US$350 million in divestments and US$600 million in acquisitions

Grade A office rents in Singapore rose 2.1% on the year, supporting office S-Reits' stronger performance in Q3.
REIT WATCH

Positive momentum for office S-Reits as vacancy rates ease and rents climb

CICT, Suntec Reit and Keppel Reit among those that have benefited

Year to date, about 206,000 sq ft of leases have been signed.

‘All the signs are positive’: Manulife US Reit manager sees improved outlook on US office recovery

Some 81,000 sq ft of leases have been executed in the quarter, making up 2.3% of the portfolio’s net lettable area

Blackstone has invested in some office deals over the past year, after an extended period in which the firm retreated from the property type and reduced its exposure.

Blackstone scores rare premium in Boston office building sale

The investment firm has also offloaded certain office properties

Launching a Reit could drive a significant rerating in GuocoLand's share price going forward, says the writer.
HOCK LOCK SIEW

GuocoLand and IOI Properties should pool assets worth S$12.5 billion for a Singapore office-led Reit

Leverage softer interest rates and the clamour for premier assets 

The average price of retail space in the city plunged 41% as at August from a 2018 peak, according to Hong Kong government data.

Hong Kong property losses hit PE funds after US$17 billion rush

Offices, near their worst vacancy rates, tank 49% in value