3 best-performing office S-Reits returned 28% in year to date: SGX

📆 7/2/2019 7:36 AM
📰 BusinessTimes

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THE top three performing Singapore real estate investment trusts (S-Reits) that own office assets in the city-state averaged a total return of 27.6 per cent in January to June this year, bourse operator Singapore Exchange (SGX) said on Tuesday. Read more at The Business Times.

Suntec Reit and Mapletree Commercial Trust also have both commercial and retail assets in their portfolios.

New supply for core CBD office space in Singapore is estimated at 5.33 million square feet between 2019 and 2022, representing an average of 1.36 million sq ft per year, 29 per cent below the 10-year average of 1.91 million sq ft, UOB Kay Hian Research added. Colliers also noted that the growth of the technology, media and telecoms sector and the flexible workspace sector accounted for most of the net absorption of office space in 2018 and 2019 year to date.

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Suntec Reit to acquire Grade A office building in Sydney for A$297mSUNTEC Real Estate Investment Trust (Suntec Reit) has entered into agreements to acquire a freehold Grade A office building in Sydney, Australia for A$297 million (S$282 million), manager of the trust, ARA Trust Management (Suntec), announced on Monday morning before the market opened. Read more at The Business Times.
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