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2019 could be retail REITs' time to shine, says DBS, just look at Jewel

PC Lee
PC Lee10/12/2018 03:18 PM GMT+08  • 2 min read
2019 could be retail REITs' time to shine, says DBS, just look at Jewel
SINGAPORE (Oct 12): Retail REITs have a chance to shine next year, says DBS Group Research, given consistently strong take-up rates for upcoming retail spaces this year which are a reflection of healthy demand in the retail arena.
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SINGAPORE (Oct 12): Retail REITs have a chance to shine next year, says DBS Group Research, given consistently strong take-up rates for upcoming retail spaces this year which are a reflection of healthy demand in the retail arena.

Ahead of its opening, Changi Airport Group announced Jewel has achieved committed occupancies for almost 90% of its retail space based on NLA of 575,900 sf.

“With commitment for Jewel now close to 90%, we believe that investor concerns over potential oversupply issues – the main drag on the retail sector’s lacklustre performance this year, in our opinion – should start to dissipate,” says lead analyst Carmen Tay in a Friday report.

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