Are Singapore’s prime office buildings overpriced in offering 3 per cent yield?

LAST week, OCBC confirmed that it is exploring redeveloping its Chulia Street and Church Street property in the Central Business District (CBD).

Perhaps, OCBC is encouraged to consider redevelopment, which will involve the bank’s headquarters building, because of the positive picture for prime office towers here.

Since Covid-related movement restrictions were lifted, many knowledge workers here are back to working largely out of the physical office.