DBS Research Group analysts Rachel Tan and Derek Tan have reiterated their positive stance for Singapore office and US office S-REITs as vaccinations boost a return to normalcy and more workers start returning to offices.
In a research note dated March 25, the analysts cite a KMPG survey that found most major global companies no longer plan to reduce their office space after the coronavirus pandemic, which they believe indicates a turning point for the office sector
KPMG also highlighted that most chief executives surveyed said they will start to encourage staff to return to office when vaccination rates exceed half the population.
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