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Suntec REIT to see brighter days ahead, analysts say

Stanislaus Jude Chan
Stanislaus Jude Chan1/24/2019 02:56 PM GMT+08  • 3 min read
Suntec REIT to see brighter days ahead, analysts say
SINGAPORE (Jan 24): Analysts believe Suntec REIT could see better days ahead with retail continuing to improve and office rents expected to be on a multi-year upturn.
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SINGAPORE (Jan 24): Analysts believe Suntec REIT could see better days ahead with retail continuing to improve and office rents expected to be on a multi-year upturn.

“Since early 2018, more sell-side analysts have joined us in being bullish on Suntec,” DBS Group Research lead analyst Mervin Song says in a report on Thursday.

“As there is mounting evidence of a sustained turnaround at Suntec City Mall, spot office rents at an upward trajectory and underlying DPU to improve by 3-4% per annum between 2018 and 2021, we believe more investors and other sell-side analysts will be convinced that Suntec is undervalued,” he adds.

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