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Frasers Commercial Trust to be held back by uncertainty over HP lease expiries: OCBC

Michelle Zhu
Michelle Zhu9/4/2017 11:43 AM GMT+08  • 2 min read
Frasers Commercial Trust to be held back by uncertainty over HP lease expiries: OCBC
SINGAPORE (Sept 4): OCBC Investment Research is maintaining its “hold” call on Frasers Commercial Trust (FCOT) with an unchanged fair value of $1.42.
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SINGAPORE (Sept 4): OCBC Investment Research is maintaining its “hold” call on Frasers Commercial Trust (FCOT) with an unchanged fair value of $1.42.

In a Monday report, lead analyst Joseph says he sees a positive outlook for FCOT’s prospects, particularly in the Australian market where Melbourne’s CBD office vacancy rate has notably improved this year, according to data from Colliers International.

With vacancy rates in Melbourne expected to fall below 4.5% over the next two years, Ng highlights that pressures on incentives are a likely outcome which would in turn, improve effective rents for the office property industry in 2018.

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