Office Property

BROKERS’ TAKE

‘Steepest discount’: Analysts bullish on office picks after S-Reits’ best run since 2019

Office S-Reits are undervalued, trading at the steepest discount to book value among this asset class

The new Town Hall Link white site has the critical mass needed to catalyse the next phase of Jurong Lake District's development.
THE LEVEL GROUND

Expect carved-out Jurong Lake District site to draw warm response from developers

Town Hall Link white site is expected to be made available in March 2026

Keppel Reit's purchase of a one-third stake in MBFC Tower 3 will dilute both its distribution per unit and net asset value.
BROKERS’ TAKE

RHB ‘slightly negative’ on Keppel Reit’s MBFC deal, advises switch to Suntec Reit

Meanwhile, DBS Group Research says office S-Reits offer ‘brightest prospect’ in 2026

Qube is set to take as much as 146,000 sq ft across six floors in Two International Finance Centre being vacated by UBS Group.

Hedge fund Qube to take six UBS floors in Hong Kong’s Central

Its new lease is the largest ever signed by a hedge fund firm anywhere in the city

Highly leveraged Reits like Keppel Reit are expected to benefit from the ongoing interest rate pivot, says Morningstar.
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