SINGAPORE (May 31): DBS Group Research says this could be a good time to scoop up S-REITs of selected office and hotel names given supply pressures in these sub-sectors have eased.
In a Thursday report, lead analyst Mervin Song says the oversupplied market over the past few years which resulted in muted S-REIT performance and decline in DPUs for several REITs has given way to a turnaround in the Singapore property market.
Leading the way is the office sector with Grade A CBD office rents rising faster than expected to $9.70 psf per month and close to DBS’s year-end target of $10 psf per month. Leasing enquiries have picked up and this trend is also starting to occur in the industrial sector.
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